Dividing assets can be a stressful part of divorce. Navigating the legal process, fighting for fair treatment, and separating the life you and your spouse have built together can be a lot to understand and deal with. A division of assets lawyer in Bristol can provide invaluable support and tailored counsel that can minimize the stress and help you and your spouse reach an agreement.
Rich Rochlin Family Law is a local law firm that helps couples navigate the nuances of their divorce. Our team has 37 years of combined experience protecting our clients’ rights and helping them get fair divorce settlements. When you hire a Bristol divorce lawyer, you can expect high-quality service that fights for your needs and goals. We listen to you and fiercely advocate for you.
Choose the Team at Rich Rochlin Family Law to Represent You
Rich Rochlin Family Law understands there’s a lot to consider when you’re getting divorced. While asset division is only one component, it is a core part of the divorce process. It also requires you and your spouse to make many decisions about your lives and property. We come alongside you and work diligently to streamline this process.
Our Bristol family lawyers prioritize your interests and what matters most to you. We help you protect your share of assets and protect property that has been in your sole possession. From our first conversation, our team can assess your situation and walk you through your options, what to expect during divorce proceedings, the strengths and weaknesses of your position, and what strategies we can use.
We answer your questions and are empathetic to what you are going through. In addition to representing you, we also connect you with resources and help you prepare for your life post-divorce. Our attorneys are committed to setting you up for success as you navigate the many ups and downs of this big and emotional change in your life.
Call today for a consultation with a division of assets lawyer serving Bristol (860) 357-9158
A Bristol Division of Assets Attorney Prepares You for How Assets Are Divided During a Divorce
When filing for divorce in Connecticut, it is important to talk to a lawyer about how your assets are divided. This can be a complicated process, and knowing your rights and what to expect can help you be better prepared and determine how to proceed. Under Connecticut General Statutes § 46b-81, all property could be divided between each spouse during a divorce.
Unlike most states that distinguish between marital and separate property and exclude the latter from division, Connecticut may consider this property divisible in a divorce as well. The state focuses on an equitable division of assets. This means that everything is divided fairly, but it may not be an even split. It’s important to assess your assets ahead of time to help guide decision-making and negotiations.
At the beginning of your divorce, you and your spouse must disclose all of your assets, debts, and property. From here, these items can be evaluated to determine their value and how to divide them. Couples who can work together can retain the greatest control over the terms of their divorce settlement and over who receives what in the divorce.
Bristol Division of Assets Lawyer Near Me (860) 357-9158
Factors Considered When Dividing Assets During a Divorce in Bristol
Whether a judge is reviewing the divorce terms you and your spouse have decided on or making a decision in a litigated divorce, they take several factors into consideration. These factors are designed to ensure that both spouses are treated fairly in the divorce. This may mean returning couples to the state they were in before the marriage or moving forward on equal footing.
When considering how assets are split, judges take the length of the marriage into account and the reason for the divorce. They also consider the age and health of each spouse, their employment status or capacity to work, level of education or need for more, amount of income they earn, available assets, and the needs of each party. We can help you factor these in during negotiations.
Additionally, if you and your spouse have children, custody and child support arrangements may also influence asset division. A spouse who has primary custody of the children may have different needs than the other spouse in a divorce. When determining what is fair, this spouse may receive an allocation that reflects the resources they need to provide a safe and stable situation for the couple’s children.
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How to Protect Your Assets in a Bristol Divorce
Since Connecticut has broad discretion over how your assets are divided, it’s important to understand how to protect what you’re entitled to receive. One of the biggest ways you can protect your assets, especially separate property, is to sign a prenuptial or postnuptial agreement from the outset of your marriage. If it’s fair, voluntary, and signed, it can be enforced in a divorce.
It is also important to keep clear financial records and document financial activity. This ensures that you’re not hiding assets and can show separate accounts and purchases to avoid commingled funds that become marital property. If you received an inheritance during your marriage, documentation and separate treatment are key for protecting these assets from potential division.
Because assets can include tangible property as well as financial assets, you should also talk to a Bristol division of assets lawyer about everything you need to know about divorce and taxes. As assets are divided, they can generate costly tax liabilities. Your lawyer can help you determine how to minimize this burden and prepare you for how to handle potential tax implications.
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Consult Rich Rochlin Family Law About Dividing Assets in Your Divorce
Rich Rochlin Family Law guides you through the legal process to divide your assets during a divorce. We work diligently to protect your rights, assets, and sanity.
With the help of a division of assets attorney in Bristol, you can rest easier knowing that you can secure a better outcome. Contact our firm today to schedule a consultation with our attorneys.
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