When you and your spouse decide to end things, it requires taking some steps to satisfy the court. This is because once you and your former partner make the decision to marry, the state has an interest in the partnership. You need to do more things than simply ending the relationship, and dividing finances is a key element of any divorce. In the state of Connecticut, we operate under a concept called “equitable division,” and a trusted legal team can help you to understand its implications in regard to your specific situation.
At Charles & Concilio, P.C., we know the value of a quality divorce attorney when it comes time to divide finances. Working alongside a talented team of attorneys can help you to have the tools that you need to make the right decisions for you and your family, and our firm is here to help. To find out more about how the concept of equitable division plays into your divorce, call our office and schedule a time to talk.
What Is The Concept Of Equitable Division?
Every state has their own rules regarding the process of divorce, and each of these stipulates how finances need to be handled when a marriage ends. Some states recognize community property, and in these 9 states, all finances must be divided equally. Our state, however, operates under the idea of “equitable division,” which seeks to find a reasonable and just separation of assets and liabilities based on a number of factors.
Some of the factors that your judge can take into consideration during financial division relate to the input of each family member, including both financial and household means. They can also look at the length of the marriage, as well as the reason that you two have decided to end things. The goal of the court is to reach a fair result for each member, and the concept of equitable division helps when dividing finances in divorce.
Working Toward A Resolution
In the state of Connecticut, you and your former partner still have a say in how your finances are split up. You two have the power to come together to negotiate the terms of your divorce, and this can be especially helpful in an equitable division state. If you are reaching a point where you need a talented negotiation team, talk to our office about your next steps. This is an important part of your divorce, and you want the right legal counsel by your side.
Learn More About Dividing Finances In Connecticut
When you and your spouse decide to end your marriage, having a talented team of divorce attorneys can make all the difference. To find out more about dividing finances in divorce, call The Law Offices of Charles & Concilio, LLC in Greenwich, CT at (203)234-1000.
