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Property Division Archives

Financial steps to take during divorce

While couples in Connecticut and elsewhere may face challenges as they go through a divorce, it is possible for them to leave the situation while still being financially intact. By being conscientious while working through a division of property, a person can do damage control ahead of time and avoid conflict.

Divorce and real property division

When Connecticut homeowners divorce, the division of marital assets can become fairly complicated. It is not unheard of for someone who has gone through a divorce and signed away legal rights to a home during property division to later discover that they are still on a mortgage and considered responsible for payments by the lender. This can even be the case if someone has sent a copy of the divorce decree to the mortgage holder.

Prenuptial tips from 'Fox and Friends'

Connecticut residents might be interested to hear some prenuptial tips that were discussed on 'Fox and Friends." According to 'Fox and Friends," approximately 45 percent of first marriages end in divorce, and most first marriages do not have prenuptial agreements. In fact, most people who do get prenuptial agreements fall into one of two categories. They are either people who are on their second marriages or people who are getting married later on in life.

Timing of divorce and bankruptcy

Connecticut readers might be interested to know that timing is a big issue when deciding how to handle circumstances involving divorce and bankruptcy. It is important to understand that bankruptcy is a window of opportunity that divorce can have a profound impact on. Sources suggest that filing for bankruptcy is best done before filing for divorce, but other issues, such as a looming foreclosure, may complicate the timing.

Asset division during a divorce

Connecticut residents who divorce often have a number of things to think about, including where they will live, who will get custody of their children and how assets will be divided during the divorce. The issue of property division is a major concern for many people because it will have a large impact on their future. This is why it is important that individuals ensure they know the value of items that are being divided during a divorce and that they have the right mindset during the negotiation process.

Divorcing couples should understand the division of property

Couples in Connecticut who are considering getting a divorce might benefit from understanding just how their property is divided up in a divorce. The way that their assets are divided depends upon what type of assets they have. Generally, couples have separate assets and marital ones.

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.

Actress calls it quits after two decades with her husband

Even though some couples have been together for years, they may come to find out that they cannot remain married. Connecticut residents are likely familiar with Jane Seymour. The former star of "Dr. Quinn, Medicine Woman" recently announced that she and her husband are divorcing after 20 years of marriage.

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