During the process of a divorce, there is a discussion of the separation of financial assets. This can be a serious negotiation between you and your former partner. Financial separation does not always go smoothly. The emotional connection to major assets such as a home or an automobile can make the discussion more intricate.

It is helpful to work with a quality legal team in your negotiation. Keep more of what is yours with counsel that understands both your needs and Connecticut law. Your Greenwich, CT attorneys can help you navigate these discussions. Know that you always have an advocate with knowledge of the law. Trust is paramount in the partnership and can help to reach a more positive outcome. We know that it can be hard to undergo a divorce. Make the effort to find a resolution that allows you a smooth transition into your next chapter in life.

Connecticut Requires Equitable Distribution Between Partners

The law is fairly clear in regard to the separation of wealth between two people seeking a divorce. All property exists between you two and must be separated in an equitable manner. In community property states, separate property can exist and you can shield certain things from divorce negotiations. Connecticut does not follow this model and thus, everything you own is co-owned between you and your partner.

This means that the separation negotiations can become tricky quickly. It is best to have a guide to help you through the process. Emotionally connected items such as your home and car may become tied up in the discussions. Work with a talented negotiation team to do the necessary tasks to help you reach a positive resolution.

A Resolution Of Both Debts And Assets

A divorce includes the equitable dispersal of assets between partners. It also requires a resolution of debts in some fashion. If the debts are not cleared during the process, your judge will determine an equitable allocation of what you both owe. This does not necessarily mean that all debts will be split in half, but that an appropriate allocation helps to best dissolve the marriage.

Helpful Legal Counsel That Knows Connecticut Law

The appropriate resolution does not necessarily mean half. You have options in the negotiations between you and your former partner. Call The Law Offices of Charles & Concilio, LLC in Greenwich, CT at 203-234-1000 to schedule a consultation with our team. Connecticut law does not recognize separate property, so everything you and your ex own could be included in your negotiation. Let us help you work toward a positive resolution that allows you to move on with your life securely.