In an ideal world, marriages would last forever and properly dividing assets would be easy. Unfortunately, that is simply not the case, as a number of factors must be accounted for in order to uphold the law and ensure proper division. Indeed, you may seek legal advice on a particular matter in order to get an idea of what it would look like to pursue your case, but nothing is going to be more efficient than having a competent and experienced attorney on your side. In today’s blog, your Milford, CT attorneys will address the complications associate with property settlement, and why it is important to seek professional assistance and guidance.
Divorce and Separation
Choosing to dissolve your marriage or civil union is a right afforded to all individuals, free of judgement. In other words, this means that simply wanting to legally separate is enough to do so, requiring no threshold be met except at least one party consenting. When it comes to reasons for doing so, the list goes on and on. While that portion of the process is relatively simple to determine, nearly every other aspect is far from easy. It is one thing to be two individuals seeking a divorce, but factors such as shared children, real property, intellectual property, and more all must be taken into consideration. In fact, the clean-cut case of two individuals separating that share no children, property, or other means is virtually impossible, as partners join their accounts, payments, and more. Because all of this and more must be considered when it comes to properly dividing assets, having an expert in the law on your side is critical for a decent outcome.
Physical Property
Due to its intricate nature, property settlement tends to be one of the more complex facets of family law. In congruence with Connecticut law, the judge will follow equitable guidelines and standards in order to best determine a fair division. Indeed, this determination will take time to reach, as it involves not just physical items, but paying mind to each spouse’s income, the total contribution by each party to the assets and property involved, market value, emotional value, and even economic consequences. What’s more, the judge will calculate the total value of the marital estate and grant each party a percentage that is equitable but not necessarily equal. To ensure that you are not taken advantage of and receive your proper share of the materials, an experienced attorney serves a valuable asset. For more information, contact our office for a consultation today.
Your Next Legal Steps
Like many facets of the law, property division is no walk in the park, requiring compassionate but firm representation is critical. Contact Larracuente & Goulden in Milford, CT by calling 203-951-6688 to schedule your consultation and learn more today.
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