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Rental Property Division During a Massachusetts Divorce: Will You Keep the Property?

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Rental Property

In any Massachusetts divorce, asset division can be a challenging issue to address. In the state, all property can be divided equitably between spouses. Thus, assets should be split fairly, which may not mean equally. 

Rental property may be a big asset in a marital estate. If you and your spouse own this type of property, you must decide how to divide it during divorce. But division of rental property involves the same steps when splitting other assets. The process includes assessing property value, adding this value to the estate, and apportioning a share of the value to every party. An experienced Massachusetts divorce lawyer can help you handle rental property properly during divorce. 

Rental Property Appraisal

To handle rental property during divorce, it must be appraised by a professional. This protects yourself and helps you learn about its value. Through the appraisal, you may know that the rental property is an asset, income source, or liability. You may forego a professional appraisal and just depend on your spouse’s property valuation. While this may save you money now, it can cost you a huge amount in the long run. 

Let us say your spouse claims that the value of the rental property is $100, 000. You may be okay with taking an equivalent value from a retirement account during property division. But if your spouse tells you later that the property is worth more than $200, 000, you will not have another recourse. This makes it important to have the property professionally appraised before splitting assets in a divorce. 

How to Handle Rental Property When You Get a Divorce

During a divorce, one spouse can keep the rental property while the other spouse gets assets that have equivalent value. For instance, you might be willing to keep the family house while your spouse gets the rental property as part of asset division in your divorce. Such kind of division is easier and avoids the additional fees and taxes related to selling the property. But sometimes, just splitting properties this way is not feasible. In this case, you may need to sell the property and split the proceeds equitably. 

Managing Rental Income

If the rental property is currently generating an income, this must be taken into account during the divorce process. Your lawyer can help you determine how to best handle such an aspect of your divorce. They may advise you to put aside funds in a property management account or trust. Funds from this account can be withdrawn for expenses associated with the rental property like taxes, maintenance, or insurance. Then, the rest of the funds are split as part of the asset division. 

Another option is to split the monthly income of the rental property. Your lawyer can draft an agreement that governs this arrangement’s details to protect your interests until the finality of your divorce. After the completion of the divorce, you and your ex can sell the property or have one spouse keep it. At this point, rental income will be dealt with. 

A skilled divorce attorney in Massachusetts understands the specific issues that usually arise in divorces, including property division, child custody, child support, and alimony. With their knowledge of state law and ability to resolve matters beyond the courtroom, a divorce attorney is the best resource for those who are thinking about divorce. 

Family law courts in the state exercise discretion in deciding how to divide ren’tal property based on every case’s unique circumstances. But you and your spouse can negotiate and reach a settlement agreement without going to court. This will provide you with greater control over the property division process. 

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Top Mistakes to Avoid When Filing for Workers’ Compensation

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Workers' Compensation

Workers’ Compensation claims can be confusing and difficult to navigate especially when you are already going through the upset of being injured on the job. Yet, to experience the benefits that you deserve you must work through this process with care and avoid some common pitfalls that can leave your claim vulnerable. So here is the list of mistakes that you have to keep in mind when filling out their workers’ compensation as described by Injured Workers Law Firm

Not Reporting the Injury in a Timely Fashion

  • Reporting an Injury: One of the most important steps in the worker`s comp process is reporting your injury to your employer as soon as possible. Every state has set times for when someone must report a claim after they have been injured at work, and if you fail to do so within those parameters your claim could also be denied.
  • Hint: If injured, report your injury as soon as it happened no matter how you think it is just a minor injury. All delayed reporting can do for you is complicate the process of establishing that your injury arises from work.

Failure to Seek Prompt Medical Attention

The first is to report your injury, then the next most important thing is to get medical treatment right away. If so, you not only put your health in danger but also weaken your workers’ compensation claim. When there is a long period that exists between the moment and subsequent medical visit, insurance companies have more grounds on which to base their reasonings than if it had happened within hours, thus arguing that the injury was not serious or caused by work.

Hint: If you have an injury, go to a doctor right away and make sure you see all recommended treatments and appointments.

Not Documenting the Injury and Its Effect

Good recordkeeping is critical to any workers’ compensation claim. This starts with having accurate records of the damage, medical treatments, and how it has impacted your everyday life and capacity to work.

Tip: Keep a log of your symptoms, pain levels, and anything else the injury may be affecting. Save medical reports, receipts, and anything to do with your claim

Not Following Medical Advice

You must follow your doctor’s treatment regimen. Disregarding medical advice might be interpreted as a disregard for your rehabilitation and could result in payments being withheld. This entails keeping all scheduled visits, adhering to recommended treatment regimens, and refraining from anything that can exacerbate your disease.

Quick Tip: Stay on your plan and word well in advance if something is wrong with either your doctor, your GP, or your Nurse.

Failing to Abide by Employer or Insurance Provider Deadlines

Deadlines vary throughout the workers’ compensation process that include reporting the injury, filing a claim and responding to requests for extra information. These deadlines are important as missing them can get your claim denied.

Hint: Maintain a diary of all significant dates and also due dates for your employees’ compensation case. Add reminders to help you keep track of obligatory needs.

Workers’ compensation is a complicated process that can be fraught with stress, but these are some of the most common mistakes that people often make instead you should go for filing for workers comp. Reporting promptly, medical treatment, good records, and a consultation will help preserve your rights to benefits entitled. Do not hesitate to consult with a workers’ compensation attorney if you encounter any difficulties.

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Seeking Compensation for Economic and Non-Economic Damages in Wrongful Death Cases

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Wrongful Death

Wrongful Death: The death of a person is a profoundly sorrowful event, and when caused by another person’s carelessness or wrongdoings, the suffering can be significantly more difficult to endure.

In such situations, wrongful death claims made with a wrongful death claim lawyer can provide a pathway to justice and financial relief. Understanding the types of compensation available, both economic and non-economic, can help you navigate this complex process more effectively and working with a skilled wrongful death lawyer, you can navigate this challenging process with greater confidence and support.

So, let’s walk you through these concepts in a way that ensures you have the information needed to seek the compensation your family deserves.

Understanding Wrongful Death Claims

A wrongful death claim is made when someone passes away as a result of another person or entity’s legal negligence. These lawsuits may result from a variety of events, such as product defects, auto accidents, workplace mishaps, and medical negligence.

The goal of a wrongful death lawsuit is to make up for the losses the surviving family member of the dead has suffered financially.

Economic Damages: Tangible Losses

Economic or compensatory damages are intended to cover the financial losses resulting from the wrongful death. These damages are quantifiable and can include:

Medical Expenses

Any medical costs incurred as a result of the injury leading to death can be claimed. This includes hospital stays, surgeries, medications, and other treatment expenses.

Funeral and Burial Costs

The costs associated with the funeral and burial of the deceased can be significant. To ease the family’s financial burden, these expenses can be included in the claim.

Lost Income and Benefits

One of the most substantial components of economic damages is the loss of income that the deceased would have provided. This includes:

Future Earnings: The potential earnings the deceased would have made had they lived.

Loss of Benefits: This can include pension plans, health insurance, and other employment benefits that the family will no longer receive.

Loss of Inheritance

If the deceased was expected to leave behind an inheritance, the survivors might claim the value of that lost inheritance.

Household Services

It is also possible to seek compensation for the loss of domestic services rendered by the deceased, such as child care, cooking, and housekeeping.

Non-Economic Damages: Intangible Losses

Non-economic damages are more challenging to quantify as they pertain to the emotional and psychological impact of the loss. These damages, which acknowledge the significant psychological impact the death has on the survivors, consist of:

Pain and Suffering

Compensation for the emotional distress and mental anguish suffered by the deceased’s loved ones. This acknowledges the deep sorrow, grief, and trauma experienced.

Loss of Companionship and Consortium

This pertains to the loss of the deceased’s companionship, love, care, and guidance. For spouses, it also includes the loss of marital benefits and intimacy.

 Loss of Parental Guidance

For children, the loss of a parent’s guidance, nurturing, and education can be compensated. This acknowledges the irreplaceable role a parent plays in a child’s life.

Emotional Distress

In some cases, compensation may be awarded for the severe emotional distress caused by witnessing the death or the suffering of the deceased prior to their passing.

How Compensation is Determined?

The amount and type of compensation awarded in a wrongful death case can vary greatly depending on several factors, including:

  • The Circumstances of the Death: The specifics of how the death occurred and the degree of negligence or misconduct involved.
  • The Relationship to the Deceased: Spouses, children, and parents typically have stronger claims for non-economic damages.
  • Financial Dependency: The extent to which the survivors were financially dependent on the deceased.
  • Jurisdiction: Laws regarding wrongful death claims can vary by state, affecting what types of damages can be claimed and the amount awarded.

Working with a Wrongful Death Lawyer

Handling a wrongful death lawsuit can be emotionally and cognitively demanding. Engaging the services of a knowledgeable wrongful death attorney can be very beneficial. They can:

  • Evaluate Your Case: Assess the details of your situation to determine the strength of your claim and potential compensation.
  • Gather Evidence: Collect the necessary documentation and evidence to support your claim.
  • Negotiate with Insurers: Handle communications and negotiations with insurance companies to seek a fair settlement.
  • Advocate for You in Legal Proceedings: If an equitable agreement is not achieved, they are prepared to advocate for you in legal settings, aiming to secure the compensation you are entitled to.

Conclusion

Seeking compensation for economic and non-economic damages in a wrongful death case is a crucial step toward achieving justice and financial stability after a devastating loss.

Remember, you are not alone. At every stage, legal experts are available to support you and make sure that the rights of your family are respected and the memory of your loved one is preserved.

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