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May 2013 Archives

Prenuptial Agreement or Trust: How to Best Protect Assets

Few people in Connecticut preparing for marriage wish to consider potentially rocky days ahead. However, the fact remains that nearly 50 percent of first marriages end in divorce. As the median age for those entering a first marriage rises, those getting married are often coming in with more personal assets acquired before the marriage. In what ways can a person protect personal assets while avoiding the emotionally difficult option of signing a prenuptial agreement?

Some men may receive alimony in Hartford

It's said that justice is blind, and that is becoming more apparent in the area of divorces and alimony. In the past, most husbands earned more than their wives. However, there are a growing number of marriages in which the wife is the breadwinner. As this trend changes, the face of spousal support is also changing. Now, it is not uncommon for a woman to wind up paying support to her ex-husband.

Dealing with life insurance policy division after a divorce

When a spouse has an insurance policy in Connecticut, whether the policy is subject to distribution between both spouses in the event of a divorce depends on a variety of factors. First of all, Connecticut uses equitable division rather than a community property system. Another factor is the type of policy that it is. A final factor in determining whether the policy is subject to the property division agreement is the intent of the policy.

Who is liable for credit card debt in a divorce?

Connecticut couples who divorce often have shared assets, including credit cards. In a high asset divorce, credit card balances may be extremely large, so people should be sure to hash out who owes what during a divorce to prevent future issues. The law is not always specific about who is responsible for debt during a divorce, but there are some basic guidelines.

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