High-asset divorces involve financial accounts, personal property, and real estate. They are often among the most contentious, and litigation for the equitable distribution of assets can be time-consuming and overwhelming.
Family laws in Connecticut require equitable and fair division. However, that does not necessarily mean equal, making cases complex. One of our dedicated divorce attorneys can help you reach a fair resolution that benefits both parties. Schedule an appointment with a Southbury high-asset divorce lawyer to review your case.
Connecticut follows an “all property is marital property” rule, which differs from most other states. Per Connecticut General Statutes § 46b-81, all assets are considered during divorce proceedings. This includes anything the spouses bought together or owned when they entered the marriage and gifts or inheritances one person received.
There are many things to consider for high net-worth proceedings, such as marital contracts, seeking valuation of assets, and determining if one party is hiding property. A seasoned attorney in Southbury can fight for their client’s legal rights to ensure they reach a fair outcome in a high-asset divorce.
The family courts in Connecticut recognize marital contracts entered before or after marriage, including valid pre-nuptial and post-nuptial agreements. Some rules require both parties to enter the arrangement willingly and each spouse to fully disclose assets and debt. The judge will also question the validity of contracts overwhelmingly favoring one party.
Part of the division of property proceedings involves both spouses agreeing on the monetary value of the assets they are dividing. When they cannot agree, they may need assistance from a certified valuation professional. An appraiser will analyze the item and its current fair market value and appraise the contested property to ensure a fair division.
Some ways people may hide assets during the dissolution of marriage proceedings include the following:
The family court judge has the legal authority to divide marital property regardless of who holds the title or when and how the party obtained the assets. According to the guidelines of the Connecticut Equitable Distribution of Marital Property Law Library, the family courts consider a range of factors before ordering the equitable distribution of property, such as:
A divorce lawyer in Southbury could answer their client’s questions after reviewing the details of a high-net-worth case.
Agreeing on the division of assets is often one of the most challenging aspects of divorce proceedings. This is particularly true for couples with a high net worth. Connecticut laws consider all property, regardless of how or when each person obtained it.
Unfortunately, the “all property is marital property” rule alone can cause heated disputes between couples seeking to end their marriage. Divorces involving high net worth can get contentious, and we are here to fight for you. Meet with a Southbury high-asset divorce lawyer today for more information.
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