When it comes to dividing the assets you acquired during the marriage as a couple (marital assets), contributions aren’t just about money. Yes, financial input like income and savings matter, but they are not the only considerations.
Courts also consider non-monetary contributions. This includes caring for children, managing the household or supporting your spouse’s career. These efforts are vital and can influence how property is divided.
The law aims for a fair and balanced division
New Hampshire, like Massachusetts, is an equitable division state when it comes to marital assets. Courts strive for fairness in dividing marital property, even if it doesn’t result in a 50/50 split. Judges look at the whole picture by assessing both spouses’ roles and contributions, such as whether one partner worked while the other managed the household or if one sacrificed their career for family needs. The idea is to balance out sacrifices and efforts made during the marriage.
Why this matters
If you’ve made significant contributions in your marriage, don’t underestimate their value. Running a household and raising children are just as important as earning income, and knowing this can give you confidence while discussing property division or negotiating a settlement.
Your non-financial contributions to the marriage can also influence the amount and duration of spousal support. The sacrifices you made may impact your ability to achieve financial independence after the divorce, and the court may factor that in determining spousal support.
Dividing property and navigating other financial aspects of divorce can be complicated. Getting the right legal guidance can go a long way in protecting your interests and receiving a fair share when all is said and done.
