When getting a divorce, one of your primary concerns may be obtaining a fair portion of your marital assets. Dividing property can be the focus in most divorce cases, and an accomplished attorney could help ensure you receive fair treatment during a divorce.
Unlike some other states, Connecticut law does not automatically give each spouse half of their combined marital assets. This policy can make it more difficult to understand what you should receive in a divorce. Fortunately, a diligent Glastonbury division of assets lawyer could review your case and work to ensure that you get the assets you deserve when getting a divorce.
State family courts divide property in divorces based on a principle called equitable division as required by Connecticut General Statutes §46b-81.
Equitable division requires that the court divide property based on what is fair to each spouse. A judge determines what is fair by reviewing several statutory factors. Under C.G.S. §46b-81, the court must divide marital property equitably after considering several factors such as:
As a result, someone facing a divorce may not know what to expect in terms of asset division. An experienced Glastonbury division of marital property lawyer could provide advice on what to expect from a judge and work to achieve a fair outcome for someone getting a divorce.
To begin dividing a couple’s property, a judge first determines which assets are owned by both parties. Some assets, like property owned before the marriage or inherited from a relative, may be considered the separate holdings of one spouse.
However, separate property that was commingled, such as assigning co-ownership to a spouse, may deem this property as a shared asset. The court also must determine the value of any marital property. Sometimes valuing an asset is simple, such as looking at the balance of a bank account.
In cases where real estate, family businesses, or unique assets are involved, expert witnesses may be necessary because these holdings can be more difficult to assess. A knowledgeable Glastonbury division of assets attorney could review a divorcee’s assets and determine how a court may divide them. Individuals going through a divorce may want to call a seasoned family lawyer and set up a consultation.
Facing the end of a marriage can be frightening and stressful, especially when you are unsure of what you may be left with after your divorce is final. The outcome of a divorce can have a heavy and lasting impact on your finances.
A seasoned Glastonbury division of assets lawyer could provide advice and advocacy to increase your chances of obtaining a valuable portion of your marital assets. Take steps to secure your future by calling today.