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Alimony & Division of Marital Assets

Trusted Salem Lawyer Protects Your Right to Alimony and a Share of Marital Assets

Fighting to safeguard your financial stake

Divorce is an often contentious process, and next to child support and child custody issues, the determinations of alimony and the division of marital assets can cause ex-spouses a considerable amount of stress. As the founder of Legasey & Associates, I am recognized in the Essex County community as the go-to family lawyer in divorce cases, and have been for more than 35 years. I am dedicated to helping you secure the alimony you deserve and keeping some of the marital assets that you had a part in creating.

How is alimony determined?

Alimony, the money paid by the higher-earning ex-spouse to the lesser-earning one, is not determined simply. Courts exercise flexibility when deciding how much alimony to award. And contrary to popular thought, just because one spouse did not have a job outside the home does not mean that he or she will receive all – or nothing. It’s precisely because the courts have considerable freedom in deciding this issue that you benefit by having a knowledgeable advocate with a proven track record in this area of family law. Thanks to a Massachusetts law that went into effect in 2012, however, judges now have guidelines that help them determine how long alimony should last.

Massachusetts courts consider several factors in determining the amount of alimony to award. Those factors include:

  • Length of the marriage
  • Age and health of both parties
  • Current income, employment and employability of both parties
  • Contributions (monetary and other) by each party to the marriage
  • Marital lifestyle and the ability to maintain it following divorce

Marital assets: equitable division is not equal

Assets acquired and grown during the marriage are subject to equitable division in Massachusetts. This does not mean that marital assets – or even assets acquired before the marriage in certain instances – are divided equally, but they should be divided fairly. I will work with you to preserve your equitable share.

What is subject to division?

Divorce is unpleasant on many levels and often becomes even less pleasant when it comes to dividing up the family assets. An agreement between spouses may hinge on giving up or exchanging some assets in negotiations. As someone who’s been through divorce, I can draw upon both my personal experience and years representing clients in divorce proceedings to advocate on your behalf for an equitable division of assets. Some of the marital assets subject to division are:

  • The family home
  • Joint bank accounts
  • Joint assets
  • Automobiles
  • Valuable collections
  • Vacation homes and other property
  • Retirement accounts such as 401(k) plans and IRAs
  • Stocks
  • Business interests
  • The value of academic degrees

Contact me for professional help to secure your equitable share

Legasey & Associates offers knowledgeable counsel in divorce proceedings regarding alimony and an equitable division of marital assets. To set up a consultation at a time that’s convenient for you, contact me at 978-745-6600 or at john.legasey@legaseylaw.com. My office is centrally located on the Pedestrian Mall near the Peabody Essex Museum.

ATTORNEY BIO
John Legasey is an AV rated attorney with more than 35 years of family law experience.

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