The answer is that it depends. Broadly, if one spouse has already received a gift or inheritance, it would be property in that person’s estate subject to potential distribution in the divorce. If a married person is named in a will as a beneficiary or someone has told...
Many people approaching divorce are understandably concerned about how they will divide their wealth with their soon-to-be ex-spouses. Some do not want to split up family businesses, while others cannot imagine being without heirlooms, collections or memory-filled...
Carried-interest payments can be a lucrative source of wealth for a Connecticut family. As such, in divorce proceedings in which one or both spouses have been successful in meeting professional goals that triggered significant carried-interest payouts, both litigants...
In a Connecticut divorce, litigants must file with the court a sworn, comprehensive financial disclosure statement. One spouse may be surprised to see on the other declaring a lower account balance than presumed, failing to include expected assets, or claiming...
Divorce litigants often disagree on many things, but the valuation of major assets in the marital estate is a common cause of conflict. Of course, a variety of factors contribute to the complexity of assigning fair values, including the complexity of an asset (like...
Equitable distribution of property in a Connecticut divorce may become more complex when an asset has actively or passively appreciated in value. Related issues in Connecticut dissolution diverge from those in many other states because of the unique nature of property...
Everyone has heard about Jay Leno’s amazing, extensive classic-car collection. But Connecticut has its own prominent heritage-car collectors, including Wayne Carini and Herb Chambers. Private parties in our state also amass impressive collections of vintage or luxury...
Is a trust a “mere expectancy” as it pertains to classification of potential property interests as marital or nonmarital? If an interest is sufficiently certain and concrete, it is marital property subject to equitable distribution between divorcing litigants. If the...
Norman Lear. Charles Edward Ives. Annie Leibovitz. Michael Bolton. Stephenie Meyer. Connecticut has no shortage of accomplished artists, writers, musicians, architects, playwrights, photographers, songwriters and other creatives. And when they produce artistic works,...
Sometimes when a marriage breaks down, one spouse may unreasonably dissipate, squander or misuse marital funds or other marital assets. The actions may result in difficulties, including litigation in the division of marital property in a divorce. Legal restraint on...
