Connecticut is an equitable distribution state, not a community property state. Judges have a great deal of discretion, and latitude, in the division of marital assets in divorce proceedings.
Many people think that property division is automatically 50/50 but in reality, that's only true only about half the time. Another common misconception is that property that one spouse had when he or she entered the marriage, or money he or she inherited during the marriage, will belong to him or her. This is usually, but not always, the case.
Thorough and Experienced Divorce Counsel
At Bruce A. Chamberlain Law Office, we try to help couples arrive at a sound and accurate valuation of property and assets and to reach a mutually agreeable property settlement. We work with appraisers and economists to get a clear picture of every asset — and debt — that must be divided. (Division of debt is another part of the property settlement decision).
Talk to our experienced lawyer today about your divorce property settlement case in the New London area. Call 860-333-5848 for more information.
Factors Influencing Property Division
A number of factors influence the decision of how property will be divided, including:
- Who is primarily responsible to care for children (if there are any)
- Who earns more and can afford to replace lost assets
- Fault in the divorce will also receive some consideration.
Marital assets to be divided in a property settlement include obvious tangible property such as personal belongings, household furnishings, vehicles and real estate (homes and vacation homes). But it also includes pension funds and stock holdings.
Unmarried couples: Our office works with unmarried couples who are breaking up, to help them reach an agreeable and equitable property division.
Why leave this important decision to a judge? Attorney Bruce Chamberlain works with clients in four-way conferencing with the opposing attorney to help his clients find a solution that works for them. A couple who has reached an amicable decision that is fair and includes all the facts is likely to get the judge to sign off on their property settlement agreement.
Contact Us Today About Your Property Settlement Case
Contact our office online to speak to an attorney who understands the challenges and difficulties you face in divorce proceedings. At the law office of Bruce A. Chamberlain, we're here to help.