Asset Division Divorce Lawyer in Worcester Assisting Clients with Asset Division in Divorce Proceedings
Perhaps one of the most pressing issues when going through the process of a divorce is the asset division. Assets refer to the belongings, holdings, and accounts that the divorcing individuals have. One of the most obvious assets that will need to be managed in a divorce is a house. Other assets under consideration for division include vehicles, rental properties, savings accounts, jewelry, and other items of value.
In the state of Massachusetts, the law denotes that the division of assets during a divorce must be “equitable.” Equitability is determined by its fairness, and the matter is somewhat subjective. It also means that there is no guarantee that assets will be divided entirely equally—if one party in a divorce can make a convincing argument that receiving a larger share of the assets is fair, the other party may end up with fewer assets during the division.
While some couples can agree on how to divide up assets on their own, many will see disputes arise during the process. Asset division is often rife with both emotional and financial concerns, and it can be difficult to come to an agreement on how to divide up the items and property that helped define marriage as it comes to an end.
Law Office of Polly Tatum
19 Cedar St Worcester, MA 01609
(774) 366-3688
https://www.LawOfficeOfPollyTatum.com
