My husband and I were both in our 40s when we got married, and having an elaborate wedding didn’t seem right, so we eloped. My parents gave me a gift check which we then put toward a house we bought together in North Andover. We are now getting a divorce. Will my husband get half of this asset?
This is a difficult question to answer with the information provided. Without knowing the length of the marriage, equity in the house, amount of the gift, other assets involved, amount of liabilities and other pertinent issues, it is impossible to answer. Massachusetts law provides for an equitable division of the marital estate in a divorce. While that is often a 50/50 split, it is not required. If you can provide more information I would be happy to answer the question. [Read more...]