Property Division Attorney in Boston, Massachusetts

What issues commonly arise in the division of complex property in MA divorces?

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Boston, MA family law attorney Terri Partridge talks about the issues that commonly arise in the division of complex property in MA divorces. In handling complex assets, professionals are often engaged to determine their value, and she consistently collaborates with specialized experts in this field. Once the value is established, the distribution can vary. If the asset is divisible, the client may receive half, or another asset could be assigned to offset the value for the client not named on the asset.

However, certain situations arise where assets cannot be divided due to factors like partnership agreements or corporate bylaws. In such instances, she adopts the approach of having the asset held in a constructive trust by the party whose name is on it, for the benefit of the other party. This ensures that the individual with ownership interest is bound to handle the asset responsibly and in the best interest of their spouse or partner.

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