Jump to Navigation

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.

Contact our team of legal professionals today:

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Subscribe to this blog’s feed

Office Location

Local: 413-306-3675 
Toll Free: 888-385-1183

Johnson, Sclafani & Moriarty, Attorneys at Law
776 Westfield Street
West Springfield, MA 01089

West Springfield Law Office Map

FindLaw Network