In Massachusetts, "marital property" is a term used to describe any possessions that a married couple acquires during the course of their marriage, although there are certain exceptions. Also included as marital property is interest accrued on investments and/or possessions that were owned prior to the marriage. Conversely, property that is owned prior to the marriage is generally classified as individual property.
When it comes to the asset division aspect of Massachusetts divorce proceedings, marital property is divided in an "equitable" fashion. It is important to note that equitable in this context does not mean equal. Equitable division means that the division of property will be done in a way that is deemed to be fair by the family court in charge of deciding the divorce.