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Posts tagged "marital property"

What happens to the art when artists divorce?

Property division is often a challenge in divorce cases, but it can be especially difficult when one or both of the divorcing spouses is an artist. Determining the value -- and potential value -- of art produced during the marriage can be a fraught topic for people who have never before had to look at their work as "property," and especially not as the property of a spouse. In states like Connecticut, with equitable distribution, the calculations can be even more complex.

Connecticut marital property division representation

If you are going through a divorce in Connecticut, you may have some concerns about your financial future. At our law firm, we help clients protect their personal property during a divorce and ensure that marital property is divided fairly. We work hard to help people like you work out an agreement about property division that places you in a positive position going forward.

Splitting the house in a divorce

When a couple divorces in Connecticut, the process of dividing marital property can become tricky. One of the hardest assets to agree on is the family home. While the most simple solution is to sell the property and split the equity, this may not be an option if one party wants to remain in the home. The spouse who is remaining in the home will want to have a free and clear claim to it moving forward, and the partner who moves out will want to ensure that his or her name is completely removed from this asset in the event that there are future losses or problems.

The marital home and property division in a divorce

Although Connecticut uses the principle of equitable distribution to address marital assets during a divorce, the issue of the family home may be decided based on important factors in the relationship. Children are an important consideration if the court is to decide who keeps a home. Issues such as domestic abuse may also play a role. In some cases, a couple may arrive at a plan for dealing with the home without a judge's involvement. In other instances, the court may have the final say in the matter.

Can you receive inherited property in a divorce?

When a couple goes through a divorce, anything considered marital property is usually divided fairly between both partners. A person's inheritance is usually considered separate property, but there are circumstances in Connecticut where a spouse could receive part of another spouse's inheritance.

How property is divided in a Connecticut divorce

When Connecticut spouses divorce, their marital property and debt is often divided by mutual agreement. However, when an agreement cannot be reached, the property is divided by order of the Superior Court. Such orders are typically issued as part of a decree resolving the marriage.

How inheritances and gifts may be protected in divorce

In Connecticut, couples who are getting a divorce must also divide their marital assets. However, if one individual has received an inheritance or gift from a family member, it may be unclear whether that will be divided between the two as well.

Billionaire couple's divorce may be the biggest ever

One of the nation's richest men and his wife headed to court in August to terminate their 26-year marriage. Legal analysts in Connecticut and throughout the nation are keeping a close watch on the high asset divorce, which could result in the biggest divorce settlement in history.

Including retirement funds during the asset-division process

When couples decide to dissolve their marriage, they often dispute what is fair in regard to property division and what is reasonable with respect to spousal support. For this reason, Connecticut couples thinking about divorce might be interested in ways to obtain a favorable divorce settlement as recommended by authorities on the matter.

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