Even when you and your spouse decide to call things off, there are still steps that you need to take to satisfy the court. Simply ending the relationship is not enough; dividing your finances is a critical part of any divorce, and here in Connecticut, we have distinct rules about how this needs to occur. In our state, we operate under the concept of “equitable division,” which seeks to reach a fair resolution by giving the judge a clearer view of the marriage. If this sounds confusing, rest assured that you are not alone, and that is why it is so helpful to talk with a divorce attorney about your options.
At Charles & Concilio, P.C., we understand the nuance of Connecticut divorce law, and we can be your advocate through every step of the process. Working alongside a trusted legal team can help you to have the tools that you need in gaining an understanding of all of your options. To find out more about how equitable division plays into your divorce, call our office today and schedule a time to talk further.
What Is “Equitable Division,” Exactly?
The term equitable division is used in some states to guide family and divorce courts, giving the judges a broader view of the history of the marriage. In some states, “community property” is the prevailing principle, meaning that the goal is to reach as close to a 50/50 split as possible. In Connecticut, we give our judges a little closer look into a range of factors when determining a just outcome in financial division in divorce.
Your judge can take into consideration several topics, starting with the length of the marriage and the financial input from each member. The court can also evaluate the other contributions around the house, including whether one member spent time parenting while the other brought in income. This gives the judge more information so they can try to reach a fair number for each party.
Negotiating Financial Separation Through A Divorce Agreement
While the judge operates under the guideline of “equitable division,” you and your former spouse have the option to negotiate the terms of your divorce. Any agreement has to be checked out by a judge before they can give final approval, but for many families, it is easier to work out the differences at the negotiation table. If it is time to talk about negotiating with your former spouse, our team is here to help.
Find Out More About Separating Finances With Charles & Concilio, P.C.
Each state has their own rules related to divorce, and it is important to understand them. If it is time to find out more about equitable division in divorce, give us a call at The Law Offices of Charles & Concilio, LLC in Greenwich, CT at (203)234-1000.
