Dividing property during a divorce takes serious consideration

by | Mar 18, 2016 | Firm News, Property Division |

The property division component of a divorce is one of the most complex aspects that occurs, especially when there are considerable assets that must be divided. Only the child custody matter of divorce might prove to be more complex. When it comes to property division, it is easy to go into the divorce with a hard plan about what you think you should have. You should make sure that you keep an open mind throughout the property division process because there are factors that you might not have considered. We can help you to learn all you need to know about property division in Connecticut.

Property division in Connecticut is based on what is equitable instead of what is even. Equitable distribution means that you and your ex probably won’t get an even split. This makes it even more necessary for you to ensure that the property division settlement is suitable.

If you and your ex are trying to handle the property division through mediation or a similar method, you should make sure that you think about more than just the assets you have. The marital debts must also be divided. Think about what would happen if you didn’t divide the debts. You might get stuck with an even share of the assets but all of the debts.

You should also consider the cost to maintain the property that you are getting. Demanding that you get most of the real property in exchange for your ex getting most of the stocks might seem like a good idea; however, the real property has considerable costs associated with it. That isn’t the case for the stocks.