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Posts tagged "Property division"

Can I keep the family home in my divorce?

Both spouses usually own the family home together as a part of the marital estate. This can leave the question of who will stay in the family residence somewhat unclear. Since a home is usually worth over a hundred thousand dollars — often several hundred thousand dollars — allowing one spouse to keep the residence may not even be possible.

Should you buy a house together if you're not married?

If you and your significant other are unmarried but live together, you may still build up a collection of assets that you've purchased together. Unlike in a marriage, your assets aren't immediately divisible based on your shared interests, though, if you choose to separate.

Division of 401(k) assets and retirement plans in a divorce

When it comes to things that spouses have disputes about in a divorce, it might surprise you to know that the top three are alimony, retirement accounts and business interests. Alimony ranks 83 percent, retirement accounts 62 percent and business interests 60 percent.

If it was yours when you married, do you get it if you divorce?

In Connecticut, there is no such thing as separate property if you are married. If you owned a house or property when you got married, your spouse is now a partner in that ownership. If you decide to divorce, how will the house be divided?

Is it possible to settle property division out of court?

It is safe to say that no one ever wants to go to court for any reason. This is so in family law cases just as much as it is in criminal cases. Going to court for property division and other matters takes away your time, causes emotional distress and may delay the divorce decree. As such, anytime spouses can agree on the terms of divorce between each other, it should be considered a win.

What does community and noncommunity property really mean?

Aside from issues concerning children, property division is one of the most complicated elements of divorce. It is also a massive source of conflict for many couples getting divorced. Many times, this conflict arises because each spouse is concerned that the other will come out ahead. Regardless of the reason, ongoing conflict can become fuel for an all-out battle.

Can my spouse claim a portion of my legal settlement in divorce?

This is a very important question to ask regarding property division in the state of Connecticut. Unfortunately, it is difficult to provide a precise answer because many factors will come into play before the court will make a decision.

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