How Do I Protect Myself Financially in a Divorce in Massachusetts?

  1. Gather Financial Documents: Start by collecting essential financial records like bank statements, tax returns, property documents, and records of assets and debts. Having a clear financial picture is crucial.
  2. Consult an Attorney: Seek legal advice from an experienced family law attorney in Massachusetts. We can guide you through the divorce process and help protect your financial interests.
  3. Consider Mediation: Mediation can be a cost-effective option where a neutral third party helps you and your spouse reach agreements on various issues, potentially reducing legal fees.
  4. Update Beneficiaries: Review and update beneficiary designations on accounts and insurance policies to reflect your changed circumstances.
  5. Monitor Joint Accounts: Keep a close eye on shared financial accounts and debts to prevent any misuse or issues during the divorce process.
  6. Ensure Equitable Property Division: Massachusetts follows equitable distribution, not necessarily equal. Work with your attorney to ensure a fair division of marital assets.

Taking these steps can help protect your financial well-being during a divorce in Massachusetts.


Facing divorce can be a challenging and emotionally taxing experience, and if you’re concerned about the cost of legal representation, you’re not alone. In Massachusetts, divorce cases can be complex, involving issues like child custody, division of marital property, and financial matters. Let’s take a look at the most important steps you can take to protect your financial interests.

Understanding the Massachusetts Divorce Process

Before delving into the specifics of financial protection, it’s crucial to understand the divorce process in Massachusetts. The state allows for both contested and uncontested divorces. Contested divorces involve disputes over various issues, while uncontested divorces are more amicable and typically quicker. Massachusetts law requires that divorce proceedings be initiated in the Probate and Family Court. During this process, you and your spouse will need to address important matters, such as:

  • child custody,
  • division of marital property, and
  • spousal support.

Gathering Financial Documentation and
Asset Inventory

To protect your financial interests, start by gathering all relevant financial documentation. This includes:

  • bank statements,
  • tax returns,
  • property records,
  • mortgage payments,
  • credit card bills, and
  • investment accounts.

Having a complete and organized financial statement is crucial. You should also create an inventory of marital assets and debts, including:

  • real estate,
  • retirement accounts,
  • savings accounts, and
  • personal property.

This information will be invaluable when negotiating a fair division of assets.

Alimony, Spousal Support, and Child Custody

In Massachusetts, alimony, also known as spousal support, may be awarded to one spouse based on factors such as income disparity and the length of the marriage. It’s important to understand the implications of alimony and how it can impact your financial situation.

Additionally, child custody is a significant concern for divorcing couples with minor children. The court considers the best interests of the child when making custody decisions.

Division of Marital Property

Massachusetts follows the principle of equitable distribution when it comes to dividing marital property. This means that assets acquired during the marriage are generally divided fairly but not necessarily equally. Marital property can include:

  • real estate,
  • retirement plans,
  • investment accounts, and even
  • pension plans.

Keep in mind, that even though there is a difference between marital property and separate property, a judge can divide both in your divorce. It’s crucial to seek legal advice to ensure that the division of assets is carried out in a manner that protects your financial interests.

Protecting Your Credit and Financial Future

During divorce proceedings, it’s essential to monitor joint accounts and debts closely. Your financial future could be at risk if your divorcing spouse mismanages shared credit cards or fails to make mortgage payments. Take steps to protect your credit by keeping a watchful eye on joint financial accounts and addressing any issues promptly. It’s also advisable to update legal documents like wills and beneficiaries to reflect your changed circumstances.

Considering Mediation and
Alternative Dispute Resolution

Mediation and alternative dispute resolution (ADR) methods can offer cost-effective alternatives to lengthy court battles. Mediation allows divorcing couples to work together, with the help of a neutral mediator, to reach mutually agreeable solutions. ADR processes often result in more favorable financial outcomes and can be a good option for couples looking to minimize legal fees.

Hiring an Experienced and Affordable Attorney

An affordable divorce is possible. At Afford Law, our fees are based on your income, so the less you earn, the less you pay. Our mission is to provide experienced legal help you can afford.

If you can’t afford our lower rates for a traditional attorney-client relationship, you have another option. Our legal coaching service can save you money and still give you access to a skilled attorney. In this arrangement, you represent yourself in court while we work with you behind the scenes to prepare you every step of the way. This service is available to you for one low monthly fee.


Divorce is a challenging journey, but with the right legal guidance, you can protect your financial interests and secure a better future. In Massachusetts, understanding the divorce process, gathering financial documentation, addressing alimony and child custody matters, and ensuring a fair division of marital property are essential steps. Additionally, monitoring joint accounts, considering mediation, and hiring an experienced and affordable attorney can make a significant difference in your divorce case. Remember, affordable legal help is available, and with the right attorney by your side, you can navigate this difficult time with confidence.

This article is intended for informational purposes only and does not constitute legal advice. Please consult with an attorney to discuss your specific circumstances and receive tailored guidance.

More To Explore