Sometimes, relationships end. When you and the other person have been married, however, there is another entity to keep in mind, and that is the Connecticut court system. They want to know that divorce is handled in the right way, which means following the laws and rules set forth by the law. A high asset divorce can be challenging, so when you need to know more about equitable distribution, reach out to a trusted name in Connecticut family law, rather than lean on a search engine for your information.
When you see Charles & Concilio, P.C. in Cos Cob, CT, you’ve got a legal team that’s been there. Our office prides itself in delivering effective, accurate legal counsel in Fairfield County, and we understand how things go down in the courtroom. From discussions about divorce to a conversation about custody of your children, we’re here to help you make informed decisions. And we can keep an eye on your rights the entire time, too.
When it’s your money on the table, it helps to know what’s going on. Find out more about equitable distribution in a high asset divorce in our state.
Equitable Distribution Can Become Challenging
Do you know how finances are split during divorce? Well, it’s a little different in every state. Some of them use a concept known as community property, which aims to reach as close to a 50/50 split as possible. Connecticut is not one of those states; instead, we use equitable distribution to figure it out.
With equitable distribution, the court takes a deeper look into the input of each family member. They can note the financial and familial efforts, the reason for the marriage’s ending, and the length of the marriage. By looking at the marriage as a whole, equitable distribution aims to reach a fair and just resolution.
How Do Digital Assets Play Into High Asset Divorce?
While you might be primarily focused on your house in Westport or Darien, portfolios are no more diverse than ever before. This means that courts need to be prepared to factor in a range of different investment vehicles, and they are ready for you. Through Connecticut General Statutes § 46b-81, a judge will determine what’s fair here.
Sometimes, one partner prefers the stability of traditional real estate investment over the high-risk, high-reward world of cryptocurrency. In these cases, a judge might award that partner those assets, helping reach a resolution that works for all.
Learn More With Charles & Concilio, P.C.
When you’re trying to figure out equitable distribution for a high asset divorce in Fairfield County, we’re here for you. To learn more about your next steps, call The Law Offices of Charles & Concilio, P.C. in Cos Cob, CT at (203)234-1000.
