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Stamford High-Asset Divorce Lawyer

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.

Defining Marital Property in High-Asset Marital Dissolution

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:

  • Length of the marriage
  • Reason for the dissolution of marriage
  • Each party’s age, health, occupation, and employability
  • Each party’s amount and sources of income, earning capacity, and vocational skills
  • Each party’s needs and the opportunity for future acquisition of capital assets and income
  • Each party’s contribution to the acquisition, preservation, or appreciation in the value of their respective estates

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.

Complex Property in High-Value Divorce Cases

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:

  • Antiques and collectibles
  • Intellectual property
  • Business interests
  • Vacation homes
  • Commercial property
  • Offshore accounts
  • Annuities
  • Investment portfolios

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.

The Impact of High-Assets on Child Support

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.

Consult a Stamford High-Asset Divorce Attorney Today

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.

Dolan Divorce Lawyers, PLLC N/a
1700 Bedford Street Suite 202 Stamford CT 06905 (203) 599-7498