The division of a family unit can be difficult for a variety of reasons. It goes without saying that this can be a period of great emotional stress, but there are other practical and legal matters that occur with a divorce. The separation of assets is one area where you can use the assistance of helpful legal counsel.
When there is an emotional connection tied to your assets and debts, decisions can become more meaningful. If one of you wishes to remain in the family home, your judge will take that into consideration during subsequent equitable division. Determining a suitable solution through negotiation with legal counsel from The Law Office of Larracuente & Golden in Milford, CT can help you to move on with a solution that works for you.
Equitable Distribution Is Key In Connecticut Divorce
The law in Connecticut is fairly clear in the separation of financial assets and debts. There is, however, some latitude in how this occurs. Connecticut uses the concept of equitable distribution of all shared finances. This does not necessarily mean equal, and that determination will be made by a judge. You can avoid this through negotiation and this process can help you and your former partner to come to an agreement.
Certain states allow for the protection of some assets as individual property. Connecticut recognizes all wealth as shared between you and your spouse. Without a prenuptual agreement, you cannot ensure that you can protect your belongings from divorce proceedings.
Navigate Tricky Financial Waters
The separation of wealth between two married people can be difficult for a variety of reasons. You are tied emotionally to the person on the other side of the negotiating table. This situation can make even uncontested divorces tricky in a hurry. Constructive legal counsel helps you to allow your advocates to do the talking.
Emotions can be used against you through division of assets as well. Discussions about the family home and your vehicle can be hard to navigate on your own. Utilize the help of a talented negotiation team to ensure that your needs are properly represented.
The separation of wealth does not only include the division of assets. A determination will need to be made about your family’s current debts. These fall under the concept of equitable division as well. This means that there is not one number that is split on what you each owe. Instead, a judge can look at the entire picture to make a decision.
Divorce Counsel In Milford, CT
Helpful legal counsel can make all the difference in your financial divorce settlement. Connecticut recognizes all property as owned by both marital partners, so everything you two own, you do so collectively. For more information, call The Law Office of Larracuente & Goulden, LLC in Milford, CT at 203-951-6688.
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