Dividing assets during a divorce can feel overwhelming, and for good reason. In Connecticut, everything from your savings accounts and retirement funds to your home and personal belongings may be considered part of the marital estate. An experienced Connecticut division of assets lawyer will protect your financial future.
At Rich Rochlin Family Law, we have almost 40 years of combined legal experience helping clients rebuild their future. Our divorce lawyers in Connecticut always represent your best interests. Call today to discuss your next steps.
What Is Asset Division?
Asset division is the process of dividing the property, money, and other valuables that a couple owns when they get divorced. It’s about fairly distributing everything based on the law, contributions, and circumstances of the marriage. Our Connecticut family lawyers compassionately guide you through the process.
In Connecticut, asset division falls under the principle of equitable distribution, which means the court aims for a fair (not necessarily equal) division of marital property. Factors that are considered for asset division include:
- How long the marriage lasted
- Each spouse’s income and earning potential
- Contributions to the household (including unpaid labor like childcare or homemaking)
- Future financial needs, like supporting children or retirement
Call today for a consultation with a division of assets lawyer serving Connecticut (860) 357-9158
The Role of a Division of Assets Attorney in Connecticut
Dividing assets during a divorce can feel overwhelming; there’s a lot at stake, and the process can get complicated fast. That’s where Rich Rochlin Family Law can help. Our job is to make sure that your financial interests are fully protected.
Protecting Your Interests
We start by helping you identify everything you and your spouse own, from bank accounts and investments to real estate and personal property.
Our team makes sure each asset is valued accurately and classified correctly as either marital or separate property. Getting this right from the start can prevent problems down the line.
Negotiation and Settlement
Not every divorce needs to end in a long, drawn-out court battle. Our Connecticut division of assets lawyers can mediate settlements and draft agreements that are fair and legally sound. We want to resolve disputes efficiently while making sure your rights are respected.
Handling Complicated Assets
Some assets are more complicated than others; businesses, retirement accounts, investment portfolios, and real estate often require extra attention. Our legal team works with financial experts and appraisers to ensure these assets are properly valued and divided.
Connecticut Division of Assets Lawyer Near Me (860) 357-9158
What Is Included in Asset Division?
When going through a divorce, asset division can feel like trying to untangle a huge knot of everything you and your spouse have built together. In Connecticut, asset division covers more than just the obvious things; you have to look at every piece of the puzzle.
Financial Accounts
This includes checking and savings accounts, stocks, bonds, mutual funds, and other investments. Even money that seems like “yours” individually can be considered marital property if it was earned or deposited during the marriage. These accounts are often the first place a lawyer looks to understand the couple’s overall financial picture.
Real Estate
Houses, condos, vacation homes, and even timeshares fall under asset division. Property value, mortgages, and potential sale proceeds all need to be considered.
Sometimes one spouse keeps the home while buying out the other’s share; other times, it’s sold, and the proceeds are split.
Businesses or Business Interests
If one or both spouses own a business, its value may need to be determined and fairly divided. This can include profits, equipment, intellectual property, and ownership stakes. Business valuations often require experts to make sure the division is accurate and fair.
Personal Property
This category includes everything from cars, furniture, and jewelry to collectibles or other valuable items. While some items are easy to assign value to, sentimental items or family heirlooms can be more complicated. Even everyday possessions can be part of negotiations if they hold significant value.
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How Separate vs. Marital Property Impacts Assets Division
Dividing property in a divorce can be one of the most stressful parts of ending a marriage. In Connecticut, not everything you own gets split down the middle, and knowing the difference between marital and separate property is crucial to protecting your financial future.
What Counts as Marital Property
Marital property generally includes assets acquired during the marriage, regardless of whose name is on the account or title. Essentially, if it was earned or purchased while you were married, it’s likely part of the marital estate.
Our property division lawyers in Connecticut will outline your marital estate.
What Is Considered Separate Property
Separate property is typically anything you owned before the marriage, as well as gifts or inheritances received individually. However, things aren’t always clear-cut.
If separate property gets mixed with marital assets (for example, putting an inheritance into a joint bank account), it can become commingled, making it harder to claim as separate property.
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Experienced Connecticut Division of Assets Lawyers
Navigating asset division on your own is risky. Without a clear understanding of Connecticut law, you could miss out on what you’re entitled to or agree to terms that don’t reflect your contributions and needs. That’s where Rich Rochlin Family Law comes in.
Our experienced division of assets lawyers in Connecticut will ensure that the process complies with state laws. With the right guidance, you will make informed decisions that protect your financial interests and give you a stronger foundation for life after divorce.
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