Ending a marriage is not always the easiest thing to do, and this decision can become more complicated when money is involved. Separating net worth during a divorce is something that legally needs to occur, and the court requires that each partner receive an equitable amount. While Connecticut is not a community property state, it is an “equitable division” state, so this concept differs from some other areas of the country. Talk to a trusted team of legal professionals about financial division your divorce, and learn more about the law in Connecticut.
With our team of divorce attorneys at the law offices of Charles & Concilio, LLC, you can know your options at every step of the way. Dividing finances is a pivotal time your divorce, so you want to have trusted legal counsel to help you decipher what is going on. As well, having the right timeline can help you to speed up the process, so if time is important to you, let us know. To learn more, give us a call today!
Connecticut Is An Equitable Division State
When you decide to divorce your partner, separating finances become a significant issue. Here in the state of Connecticut, our judges look for a financial split that is deemed to be “equitable,” meaning that one partner is not significantly disadvantaged in the process. This differs from a community property state, which stipulates that a 50% even division is necessary. Your judge will look at the facts and ensure that everyone is reasonably afforded their share, and this gives you two a little more latitude in how you divide your finances during your divorce.
The court will look at a variety of factors, including the length of the marriage, the reason for the end of the marriage, and the amount of financial input from both individuals. You have the ability to negotiate, and it is best to have a legal professional there when you make these big decisions. This helps you to have an advocate when you are on the other side from your partner’s negotiation team.
Know Your Financial Division Process
As it is time to discuss financial division with your former spouse, it is important to have a trusted divorce attorney to help you know your options during negotiation. The right fit for your negotiation team can make all the difference in the end result of your divorce, so find someone who fits with your mentality, and make sure that they know the law well.
Learn More About Divorce With Our Team!
If it is time to talk about separating your finances with your former partner, talk to our team about your next steps. Give us a call today at The Law Offices of Charles & Concilio, LLC in Greenwich, CT at (203)234-1000.
