New Haven Property Division Lawyer

Few issues are as controversial in a divorce as matters of property division and distribution. Therefore, if you are planning to separate from your spouse, you should first speak with a New Haven property division lawyer. A seasoned divorce attorney can examine your various assets and work to establish an arrangement that preserves your property rights while meeting the state’s requirements for equitable distribution.

Understanding Property Division Laws in New Haven

The state adheres to the doctrine of equitable distribution when dividing a couple’s property during a divorce. This means that a couple’s assets are divided based on what a court thinks is fair. It is important to note that equitable distribution does not necessarily mean assets will be split equally. Additionally, there is no distinction between the assets owned by either party before they were married and those they obtained after their wedding.

Therefore, all of a divorcing couple’s assets will be subject to division, no matter when the property was originally obtained. A local attorney can help someone understand how the state’s property division laws may impact the distribution of their assets during a divorce.

Common Types of Property That are Subject to Division

A wide range of assets may be subject to division by the court. This may include both real and personal property owned by the divorcing couple. Even inheritance money can be subject to equitable distribution. Common assets named in a property division agreement may include:

  • Checking accounts
  • Retirement accounts
  • Stocks, bonds, or annuities
  • Furniture
  • Cars
  • Jewelry
  • Paintings and other types of art
  • The couple’s marital home or additional houses

Though it is not required, the court may let either party keep some or all of the assets they obtained before the marriage. A lawyer in the area can review an individual’s assets and determine which pieces of property may be subject to division.

Negotiating the Division of Assets and Debts Outside of Court

In some situations, two parties may be able to work with their respective lawyers to reach a joint agreement regarding the distribution of their marital assets. If the divorcing couple can come to a decision on how they want their assets divided, they can submit the agreement to the court for the final review. Mediation can save significant time and money that may otherwise be spent litigating the matter in court.

If the divorcing parties cannot reach a consensus regarding the division of their marital assets, the court will make a binding decision. An attorney in New Haven with experience handling property division cases can advocate for someone attempting to negotiate with their spouse outside of court.

Determining the Distribution of Property in Court

The court typically evaluates several factors before reaching a final determination on asset distribution. These factors may include:

  • How long the couple was married
  • Each party’s assets and earning potential
  • The respective debts of each party
  • Both spouses’ current financial situation

Any efforts by either party to increase or diminish the couple’s assets or liabilities may also be considered when the court is dividing their property. A division of assets attorney can represent a former spouse in court and ensure these important factors are incorporated in the final decision.

Speak with a New Haven Property Division Attorney

The attorneys at our firm spare no effort to help you reach a fair property agreement. Whether you are negotiating with your spouse in mediation or proceeding with the case in court, a New Haven property division lawyer can advocate for your interests and fight to achieve a favorable outcome. Call us today and speak with a lawyer about your case.

Connecticut Family Lawyer | CT Family Law | Dolan Family Attorneys N/a
129 Whitney Ave #3A New Haven CT 06510 (203) 720-6874