Property division is one of many issues that must be addressed during the divorce process. It is important to have the help of an experienced Massachusetts divorce attorney during the property settlement process, as it will affect your finances for years to come.
When facing divorce, images of drawn out court battles and contentious litigation often come to mind. That does not always have to be the case, however, as the traditional path of litigation is often avoidable in divorce proceedings. An experienced MetroWest Boston divorce lawyer would be able to explain possible alternatives to litigation, such as mediation and arbitration.
There has recently been a growing rate of so-called "gray" divorces. According to a recent study, although the overall divorce rate is down, the rate of divorce between couples over 50 has more than doubled in the past 20 years. Issues in "gray" divorces are similar to those in the younger population. Division of marital property and debts and spousal support are often the biggest issues. A Worcester divorce lawyer can help navigate these issues to achieve the most optimal results for an individual's particular situation.
When it comes to divorce and property division, retirement accounts often get overlooked. Since the divorce rate for individuals age 50 and older is at an all time high, it is more important than ever to understand the rules that govern the division of retirement accounts in divorce.