Dividing property is one of the most challenging aspects of a divorce case. Connecticut is an equitable distribution state, which means the division of the property must be fair but not necessarily equal.
If you are in the process of leaving your spouse, you can benefit from consulting with a skilled divorce attorney who can fight for your right to marital property. Our Connecticut property division lawyers can guide you through the dissolution process and help you obtain a reasonable share of the marital estate.
Marital property covers a variety and can include assets such as homes, household furnishings, vehicles, income tax refunds, pension plans, and bank accounts. In general, any property that either party owns may be considered part of the marital estate. However, if the parties had a valid prenuptial agreement in place distinguishing marital and separate property, they can maintain ownership of their separately assigned assets.
In a property division case, both parties must fully disclose all their assets and liabilities. They must also reveal the appreciation in the value of any assets. If one spouse appears to be hiding part of their income or property, a dedicated lawyer can engage the services of a business valuator or forensic accountant to locate and value those assets.
While each case is different, there are many factors that family courts consider when dividing property. The court may assess the following:
Anyone going through a divorce should understand the factors that may influence a court’s judgment. A knowledgeable property division lawyer can help Connecticut residents successfully advocate for their share of certain assets.
When determining the division of property, the court will consider the reason for the breakdown of the marriage. If one party is primarily at fault, a judge may award the other person a larger proportion of the marital estate. Thus, it is crucial to note the potential impact of filing for a fault or no-fault divorce.
Dividing property in a divorce can be costly, time-consuming, and highly contentious. To obtain your fair share of marital property, it is critical that you speak with an attorney who is familiar with the applicable law and has the experience necessary to represent your best interests.
If you are currently navigating divorce proceedings, you should consider consulting a Connecticut property division lawyer about your case. At Dolan Divorce Lawyers, we can answer all your questions about the allocation of assets and help you obtain your fair share of the marital estate. Contact our office today to schedule a consultation with one of our dedicated attorneys.