Property Division
The division of property and assets during a divorce can be a difficult but vital aspect of any divorce proceeding. Numerous factors and considerations must be taken into account when a distribution of property takes place. The manner in which property is divided in Massachusetts must be equitable, which means that asset distribution should be fair though not necessarily equal. Foremost, it is necessary to distinguish between what is "marital property" and what is "non-marital property". Generally, marital property consists of assets (or debts) which are acquired after the date of the marriage and, therefore, belong to both spouses, whereas "non marital property" consists of assets (or debts) which were acquired before the date of the marriage and, as such, belong to one spouse alone. As marital property belongs to both spouses, an equitable distribution must be made at the time of divorce.
The Law Offices of Kathleen Ann Foley, P.C. is extremely experienced in high asset division involving complex financial analysis and evaluation of instruments such as royalties, stock options, pension plans, retirement accounts and annuities. In working to achieve an equitable distribution of the assets, we focus on fully meeting the needs of our clients, both present and future. We can assist you in dividing both the marital assets and the marital debts in way that is most beneficial to your interests.