While any divorce proceeding can be complicated, those involving high net worth spouses or complex assets can be significantly more challenging to resolve. Additionally, because state law does not automatically deem premarital property separate from the marital estate, you may be left battling for what rightfully belongs to you.
If you are facing a divorce and have questions about the distribution of your marital estate, an experienced Stamford high-asset divorce lawyer stands ready to assist you. A divorce attorney can help ensure that your assets are valued and divided in a way that protects your financial interests.
Connecticut is an “all property” state, meaning family court judges have the authority to award marital property to either spouse at their discretion. Assets parties receive through inheritance or gifts during the marriage may also be divisible between the spouses in a divorce.
Under Connecticut General Statutes §46b-81, a judge can consider numerous factors when determining an equitable division of high net worth parties’ assets. Some of these include:
An equitable distribution as mandated by law does not necessarily mean an equal division. Applying these factors can be especially challenging when the parties own complex assets and receive income from several sources. As such, a party is well-advised to discuss the equitable property division process in a high-asset divorce with a seasoned attorney in Stamford.
A primary issue in divorce is determining how parties’ wealth will be distributed. An individual and their local lawyer must consider the full spectrum of divisible property, including but not limited to the following:
When negotiating their assets in a divorce, the parties must consider the tax consequences of any property division. A dedicated attorney can work with Stamford’s financial advisors and tax accountants to minimize the tax burdens associated with transferring and liquidating the marital estate in a high-value divorce.
Parents with high-value assets may prefer private schooling, extensive travel, and costly extracurricular activities for their children. In these cases, the standard child support guidelines may not be sufficient to meet the children’s needs.
Under Connecticut law, when parents have a combined weekly income over $4,000, a judge must determine the appropriate amount in each individual case. Deviating from the guidelines in these situations ensures that children receive sufficient support after the parents’ divorce.
Fairly dividing high-value property in a divorce can be problematic. Deviations from the child support guidelines, increased tax consequences, and property valuations present challenges to an equitable property division.
A practiced Stamford high-asset divorce lawyer has extensive knowledge of complex property division and child support calculations. Our capable legal team can review your assets and liabilities and advise you of your legal options. Call us today to schedule a private consultation of your case.
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