Asset division in Massachusetts

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Asset division in Massachusetts

Unread postby latellier » Thu Mar 02, 2017 12:25 pm

Hello! My STBX owned a house valued at $700K in Massachusetts when we married 12 years ago. I made $1M during our marriage, she earned $0 in wages (a princess can't work) and $325K in capital gains, and the value of the house rose by $400K. We have a son. She is vindictive and thinks I deserve $0. What is a reasonable settlement for this divorce?
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Re: Asset division in Massachusetts

Unread postby hopeful dad » Thu Mar 02, 2017 12:48 pm

Your first question on this board with your situation should be what are the things that I need to secure equal time to your son. Financial settlement is a distant second.
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Re: Asset division in Massachusetts

Unread postby latellier » Thu Mar 02, 2017 1:01 pm

hopeful dad wrote:Your first question on this board with your situation should be what are the things that I need to secure equal time to your son. Financial settlement is a distant second.


Our parenting plan was settled over a year ago. We've been separated for 18 months.
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Re: Asset division in Massachusetts

Unread postby Havalu7 » Thu Mar 02, 2017 1:03 pm

Do you mind sharing this success story on your parenting time with the group as the property and legal beagles review your post?
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Re: Asset division in Massachusetts

Unread postby astrolink » Thu Mar 02, 2017 2:20 pm

Legal estimate? You owe her $37,500 in a lump sum ($400K-$325K)/2.

The typical alimony award would be between 30 and 35% of your gross income for 8.2 years with a 12 year marriage.


Did she cheat in the marriage? It doesn't matter. MA rarely uses it to deny or reduce alimony.

What should you offer? You should negotiate anything lower than the above figures.

Most importantly, what does your attorney say?
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Re: Asset division in Massachusetts

Unread postby massdad1234 » Mon Mar 13, 2017 9:09 pm

If the person she cheated with is married, who says the courts have to be involved to apply pressure?

astrolink wrote:Did she cheat in the marriage? It doesn't matter. MA rarely uses it to deny or reduce alimony.
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Re: Asset division in Massachusetts

Unread postby astrolink » Tue Mar 14, 2017 12:35 pm

I'm not sure what you mean.

In some states, if you can prove cheating, it can affect and sometimes eliminate alimony. My point was is that it's a non-factor in MA.
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Re: Asset division in Massachusetts

Unread postby Fatheroffour » Tue Mar 14, 2017 12:37 pm

I think he means blackmailing might be effective.
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Re: Asset division in Massachusetts

Unread postby massdad1234 » Tue Mar 14, 2017 7:48 pm

I would think leverage is more appropriate 8 )
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Re: Asset division in Massachusetts

Unread postby Trevor » Tue Mar 14, 2017 7:50 pm

Alternative leverage.
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