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Posts tagged "real estate"

What happens to underwater mortgages in a divorce?

One of the unhappy surprises in a divorce can be learning that there is no equity in the marital home. But it's even worse to discover there is more owed on the property than it is worth, a condition known colloquially as being "underwater."

Deciding how to divide debt, marital assets in a divorce

Massachusetts couples who are considering divorce may be concerned about how their debts and assets will be divided. The property division process of a divorce can be complex, particularly in cases involving unpaid taxes, bankruptcy, foreclosure, real estate, insurance, deferred compensation, family-owned businesses, annuities, stocks, bonds, pension accounts, military benefits and retirement benefits.

Alimony, property division and health insurance

Massachusetts laws specifically address property division and spousal support when a couple divorces. Instead of alimony, the judge might decide that one party should receive more assets when the marriage ends. The courts will consider not only real estate and personal property but retirement benefits, pension, deferred compensation and profit-sharing plans as well as insurance benefits.

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