Massachusetts & New Hampshire Family Law Attorneys
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Family and Divorce Law Firm, Socci & Nieves Family Law Group, LLP, is proud to announce its opening on April 1, 2022. Our newly appointed offices are located at 859 Turnpike Street, Suite 130, North Andover, Massachusetts. The firm is founded by Nicole K. Socci, Esq. and Miguel A. Nieves, Esq., formerly partners at Fernandez, Socci & Nieves Family Law, also in North Andover, MA.
In Massachusetts, a Probate and Family Court’s authority to distribute property upon divorce is governed by M.G.L. c. 208, § 34. The court may assign to either husband or wife all or any part of the estate of the other, including but not limited to, all vested and non-vested benefits, rights, and funds accrued during the marriage, which can include retirement benefits, military retirement benefits to the extent provided by federal law, pension, profit-sharing, annuity, deferred compensation and insurance. Each party’s property/estate is defined broadly to include all property to which a party holds the title, however, acquired.
In Massachusetts, all property, no matter how or when acquired, is considered marital property. How it is divided is another subject entirely. That said, even if it is something you do not want or feel you are not entitled to, it is important to disclose and ascertain the value of every asset so that it can be considered in your eventual division of property. Assets include items in safety deposit boxes, brokerage accounts, retirement accounts, bank accounts, trusts interests, whole life insurance policies, family businesses, real estate, equipment, etc.
Disclaimer: In accordance with rules established by the Supreme Judicial Court of Massachusetts, this website must be labeled "advertising." It is designed to provide general information for clients and friends of the firm and should not be construed as legal advice, or legal opinion on any specific facts or circumstances. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice or the formation of a lawyer/client relationship.