{"id":2392,"date":"2020-08-07T17:13:01","date_gmt":"2020-08-07T21:13:01","guid":{"rendered":"https:\/\/richrochlinlaw.com\/?page_id=2392"},"modified":"2020-08-15T18:52:56","modified_gmt":"2020-08-15T22:52:56","slug":"property-division","status":"publish","type":"page","link":"https:\/\/www.richrochlinlaw.com\/property-division\/","title":{"rendered":"Property Division"},"content":{"rendered":"\r\n<p>You may not have young children. Your incomes and finances may eliminate the need for alimony. In Connecticut, however, if you are getting a divorce you must discuss how to divide your property. This means everything. The collection handed down through your family for several generations, frequent flyer miles, cars, the family business, everything.<\/p>\r\n\r\n\r\n\r\n<p>Debts as well &#8211; dividing marital property means involves splitting assets and debts. Connecticut law requires that the division is \u201cequitable\u201d but provides little in the way of hard and fast rules about who should get what.<\/p>\r\n\r\n\r\n\r\n<h2>Here\u2019s what you need to know about property division.<\/h2>\r\n\r\n\r\n\r\n<p>Connecticut is an \u201cequitable distribution\u201d state. In other words, Connecticut courts look to split assets and debts in a way that puts each of the divorcing spouses on roughly equal footing. This, however, doesn\u2019t necessarily mean the assets and debts will are split exactly equally. The court needs to consider a variety of factors, past, present, and future in making its decision. Those considerations may well include:<\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li>\u00a0How long were the you married?\r\n\r\n<\/li>\r\n<li>Children? How many? How old? What are their educational, health, financial, special needs? Who will they live with?\r\n\r\n<\/li>\r\n<li>Income or incomes of the spouses?\r\n\r\n<\/li>\r\n<li>What is the earning potential of each spouse post-marriage?<\/li>\r\n<li>\r\n\r\n\u00a0Did one spouse stay home to raise the kids?<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>All these elements play a role in how property is divided and, potentially, much more. Think about your situation, odds are you\u2019ve already thinking about something not on this list. Odds are even greater the court will think of it, too.<\/p>\r\n\r\n\r\n\r\n<p>Everything is up for grabs (almost). Equitable distribution states usually consider property in the name of one spouse as belonging to that spouse. That is not necessarily the norm in Connecticut. Our courts are not as interested in who has the title to the house, car, retirement account, or credit card as other equitable states as \u2018what is fair.\u2019<\/p>\r\n\r\n\r\n\r\n<p>Connecticut also doesn\u2019t distinguish between property owned before marriage and property acquired after tying the knot. If you and\/or your spouse owns something and it\u2019s not covered by a prenuptial agreement, it\u2019s probably on the table.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Property Division Agreements<\/h2>\r\n\r\n\r\n\r\n<p>Thankfully, most Connecticut divorces never go to trial. Divorcing couples, instead, work out how to split marital property along with their lawyers, and, sometimes, with the help of professionals like mediators, appraisers or accountants. Connecticut courts provide plenty of leeway to create an agreement that works for you, as long as it is equitable.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">More Questions<\/h2>\r\n\r\n\r\n\r\n<p>We realize that almost everything we\u2019ve written above may have created more questions than answers. We can probably accurately describe the equitable distribution of property as more art than science. It\u2019s hard to fully describe an art form. If the list above left you with more questions than answers, you\u2019re not alone.<\/p>\r\n\r\n\r\n\r\n<p>Property division can lead to complex discussions on subjects as wide ranging as taxes, business succession, estate planning and home ownership. It can get very complicated, very quickly. Experienced family law attorneys know how to navigate these complications to allow you to fairly divide property in a way that supports your plans and goals for the future.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>You may not have young children. Your incomes and finances may eliminate the need for alimony. In Connecticut, however, if you are getting a divorce you must discuss how to divide your property. This means everything. The collection handed down through your family for several generations, frequent flyer miles, cars, the family business, everything. Debts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"practice_area":[28],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Division - Rochlin Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.richrochlinlaw.com\/property-division\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Division - Rochlin Law\" \/>\n<meta property=\"og:description\" content=\"You may not have young children. Your incomes and finances may eliminate the need for alimony. In Connecticut, however, if you are getting a divorce you must discuss how to divide your property. This means everything. The collection handed down through your family for several generations, frequent flyer miles, cars, the family business, everything. 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Your incomes and finances may eliminate the need for alimony. In Connecticut, however, if you are getting a divorce you must discuss how to divide your property. This means everything. The collection handed down through your family for several generations, frequent flyer miles, cars, the family business, everything. 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