Equitable Distribution Worksheet Excel

In Massachusetts, a judge will divide marital property equitably (fairly), but not necessarily equally.It doesn't include any separate property, which is all income, property, and assets owned by a spouse before the marriage. Separate property won't be divided between the spouses in a divorce.

Though the term non-marital property often refers to any personal or real property owned prior to, and brought into the marriage, it can also refer to things such as inheritances and gifts made to only one spouse.

In identifying marital assets, a party to a divorce action should consider the following: real estate ownership, automobiles and motorcycles, non-titled personal property (household contents, collectibles, jewelry, artwork, antiques), bank or credit union accounts; stocks, bonds, mutual funds, money market accounts and

Everything is split 50/50Massachusetts is an equitable division state. It means that at the time of divorce, judges look to see how to split property equitably.

You can search unclaimed money in Massachusetts at www.findmassmoney.com or call their live call center at 888-344-MASS (6277). The Treasury has several ways of letting people know they have money being held including: Publishing the names in newspapers across the State.

In most states, any income that a spouse earns during the marriage is considered marital property (also called joint property or community property).As with income, other types of property acquired during the marriage but before the date of separation will also be considered joint or community.

Marital, or community property, is defined as assets and debt newly acquired during the marriage, either jointly or by one party, other than by a gift or inheritance to one spouse.They also can be inheritances during the marriage to one spouse, including gifts by one spouse to the other.

In equitable distribution states, premarital property, gifts and inheritances are usually excluded from division. The central component that makes community property states different from equitable distribution states is how the court treats marital assets.