In Connecticut, divorce has to happen a certain way. Talking about the division of shared assets is always a major point of discussion. Our state uses a principle called “equitable distribution” to figure out who winds up with what, and this approach does not always mean an equal 50/50 split. Instead, a judge evaluates a full range of factors, including the length of the marriage and its reason for ending, to make a decision. Shared assets can include real estate, business stakes, and even investments.
Our team at The Law Office of Larracuente & Goulden in Milford, CT understands Connecticut divorce. We’ve been there in New Haven County courtrooms, and we are ready to help you through yours with effective legal counsel. Equitable distribution can be one of the toughest things for clients to comprehend, so if you have questions, reach out. We help people when they’re feeling overwhelmed by their divorce.
Connecticut uses equitable distribution to decide the financial outcome of a divorce. Talk it through with The Law Office of Larracuente & Goulden.
Is Connecticut A Community Property State?
That’s the first thing to know: No, Connecticut does not operate by community property rules. Instead, our courts use a concept called “equitable distribution” to determine the financial split between two divorcing spouses. That means that we do not require an equal 50/50 split and instead try to look for a fair or just resolution.
We are also an “all-property” state. Courts have broad discretion when looking at property owned by either spouse, and they often include things you might think as being just yours. Even if your name is on the deed or the account, all-property states have the authority to see wealth as earned together. speak with a qualified local attorney to discuss your shared assets.
Equitable Distribution Determines Who Gets Which Shared Assets
To determine a just or fair outcome during the financial distribution during divorce, judges need to weigh a wide range of factors. They will weigh the length of the marriage and give more weight to one with some time. They also factor in the age and skill level of each partner.
Those with a high earning capacity, who may be younger or more skilled, may be asked to give a larger proportion of shared assets. A history of wasteful spending can also be weighed, too. Talk to a team of talented family law attorneys in your area to talk about your shared assets during divorce.
Connecticut Divorce? Call The Law Office Of Larracuente & Goulden
When you and the other person decide to divorce, you need to figure out who gets what. To find out more about equitable distribution in Connecticut, call The Law Office of Larracuente & Goulden, LLC in Milford, CT at (203)951-6688 today.
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