Of all the questions you have about your divorce, how your assets are divided may be chief among them. A division of assets lawyer in West Hartford can provide valuable clarity on what to expect and how to take steps to protect your assets. You can rest easy knowing you have the right to representation and do not have to navigate your divorce alone.
When you hire a West Hartford divorce lawyer from Rich Rochlin Family Law, you are backed by a strong team of lawyers who are ready to protect your interests. We provide counsel that is tailored to your circumstances so you receive maximum protection and results. We have 37 years of combined experience and can help you whether you and your spouse work together or have to go to court.
How a Division of Assets Attorney in West Hartford Can Help With Your Divorce Proceedings
Rich Rochlin Family Law helps you through every stage of your divorce so you understand what is happening and how to proceed. This process can be draining, and we help ease some of the mental load by explaining your options and providing recommendations that are specific to your situation. This allows you to move forward confidently and helps you secure the outcome you’re seeking.
Our West Hartford family lawyers begin by helping you file or respond to divorce papers and start the process of assessing and dividing assets. We listen to your goals and create a strategic plan for where to start and how to navigate Connecticut property laws. Whether you and your spouse are approaching your divorce amicably or it is contentious from the start, we are equipped to handle your case and advocate for you.
Dividing assets can significantly change your financial situation. As you begin to untangle your life from your spouse’s, we provide counsel for preparing your finances so you can start your next chapter on a strong footing. We may connect you with various resources and make recommendations so you can retain as much of your financial autonomy as possible and bounce back faster.
Call today for a consultation with a division of assets lawyer serving West Hartford (860) 357-9158
What Assets Can Be Divided in a Divorce
A variety of assets can be acquired over the length of a marriage, and separating them as you dissolve your union requires careful attention to detail, documentation, and evaluation. All of these various assets can be divided between you and your spouse so you each walk away with your fair share of property under the law. You must work together to make decisions about how they are to be shared.
Some common types of assets that may be divided in a divorce include real estate holdings, retirement benefits, income, and money in various bank accounts, personal property items, business holdings, and more. Additionally, cryptocurrency divorce in Connecticut has also increased, which adds another asset to consider during your divorce.
In addition to your various holdings, any debts you and your spouse have must also be valued and distributed. Your lawyer and the Connecticut court system assess what debts spouses have separately and together. Because the responsibility to repay these debts remains, couples must determine who will take on which debts after the divorce.
West Hartford Division of Assets Lawyer Near Me (860) 357-9158
How Assets Are Divided Between Couples in a West Hartford Divorce
Assets are divided equitably between both spouses in a West Hartford divorce. Many couples hear this and assume that means everything will be divided 50/50, but that is not always the case. Connecticut considers the individual circumstances of each spouse and ensures that asset distribution is fair to both parties. According to Connecticut General Statutes § 46b-81, any and all property is eligible for division.
Rather than distinguishing between separate and marital property, Connecticut has discretion over assets and may require separate property to be split, as well. These are assets that were generally owned prior to marriage or solely gifted or inherited. To protect these assets from being subject to division, talk to your West Hartford division of assets lawyer about how to proceed.
Your lawyer can also walk you through the factors that the courts may consider when reviewing the terms of your divorce settlement. These generally include the length of the marriage, each spouse’s age and health, their capacity to support themselves and find employment, as well as other factors. These considerations are the measuring stick by which fair division is evaluated against.
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What to Expect During the Asset Division Process
To divide assets in your divorce, you must list all of them at the beginning of the process and provide documentation to back up your inventory of assets. This can include statements, pay stubs, deeds, and so much more. You and your spouse are legally required to provide a true accounting of your financial situation. Hiding assets or failing to report them could result in penalties.
Once all assets have been listed, you and your spouse should work together with your lawyers to determine the value of your assets individually and as a whole. This can be complicated at times, especially if you have complex or high-value assets. Our team works diligently to calculate the value of your assets and can also consult financial professionals for additional insight as necessary.
Dividing assets can be an exhausting and emotional process. If you and your spouse are having difficulty coming to an agreement and are fighting about how to split assets, our team may recommend pursuing methods of dispute resolution. We can explain the difference between litigation, mediation, and collaboration and help you determine which option may be most suited to your circumstances.
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Schedule Your Consultation With Rich Rochlin Family Law Today
Consult Rich Rochlin Family Law at the outset of your divorce to ensure you understand what to expect and how you can protect your assets. A West Hartford division of assets attorney advocates for you and makes sure that you receive the portion you are entitled to under the law. To get started with asset division in your divorce, reach out to us today to schedule a consultation with our firm.
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