When you and your spouse decide to get a divorce, you will need to divide your marital assets. This can be a complex and contentious process, especially if you and your spouse have a high net worth or own a lot of property. At Hirsch Legal, LLC, we understand how important it is for you to protect your financial interests. Our property division lawyers in Connecticut can help you navigate the process and ensure that your rights are fully protected.
For more information about property division in Connecticut, call (203) 769-7388 or contact us online.
What Is Marital Property?
When you get a divorce, you will need to divide your marital property. Marital property is any property that you and your spouse acquired during your marriage. This includes your home, your cars, your bank accounts, your retirement accounts, and your personal property. It also includes any debts that you and your spouse acquired during your marriage.
Marital property does not include:
Property that you or your spouse owned before you got married
Property that you or your spouse inherited or received as a gift
Property that you and your spouse agreed to keep separate
Connecticut is an equitable distribution state. This means that, when you get a divorce, the court will divide your marital property in a way that is fair, but not necessarily equal. The court will consider a variety of factors when determining how to divide your marital property, including:
How long you were married
Each spouse’s age, health, and station in life
Each spouse’s occupation, employability, and earning capacity
Each spouse’s estate, liabilities, and needs
Each spouse’s opportunity for future acquisition of capital assets and income
Each spouse’s contribution to the acquisition, preservation, or appreciation of the marital estate
Each spouse’s contribution as a homemaker
Each spouse’s contribution to the education, training, or earning power of the other spouse
Each spouse’s present and future needs
Each spouse’s current and future income
Each spouse’s current and future earning capacity
Each spouse’s current and future health
Each spouse’s current and future occupation
Each spouse’s current and future employability
Each spouse’s current and future estate
Each spouse’s current and future liabilities
Each spouse’s current and future needs
Each spouse’s current and future opportunity for future acquisition of capital assets and income
Each spouse’s current and future contribution to the acquisition, preservation, or appreciation of the marital estate
Each spouse’s current and future contribution as a homemaker
Each spouse’s current and future contribution to the education, training, or earning power of the other spouse
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