Complex household asset structures may include forms of deferred compensation, as well as vested interests and unvested potential interests. In a marriage dissolution, the court has broad discretion in distributing property. Essentially, Connecticut law authorizes the...
Property Division
Securities Transactions, Connecticut Automatic Orders And Volatility In The Market
Connecticut law imposes Automatic Orders upon the commencement of divorce proceedings. These orders have a primary purpose of maintaining the status quo while the litigants or the court resolve the underlying disputes in the divorce. The Automatic Orders prohibit...
What Happens If A Spouse Dissipates Marital Assets In Divorce?
Connecticut law requires that specified Automatic Court Orders go into effect when a party initially files for divorce (and in a number of other family law cases). These orders are attached to a divorce complaint or cross complaint at the time of filing. The...
Why Consider Cost Basis When Setting Property Division Goals?
Dividing assets and liabilities in divorce involves many difficult decisions. In Connecticut, courts allocate marital property under the principle of equitable distribution. That does not necessarily mean that assets and liabilities are divided between the parties in...
Can an extramarital affair impact property division in a divorce?
Infidelity is one of the most common reasons people cite when pursuing a divorce. While extramarital affairs are not common, they aren’t rare either. One study found about 16% of respondents admitted to cheating on their spouse during a marriage, with men more likely...
The challenges of dividing a retirement plan in divorce
Determining the division of complicated retirement assets is often a component of the divorce process. Achieving the best outcome will usually require an experienced attorney and will also sometimes require the employment of experts in other fields, such as accounting...
How Effective Are Premarital Agreements In Divorce?
People going through a divorce often assume that challenges to premarital agreements are impossible. However, not all premarital agreements are enforceable. The Connecticut Premarital Agreement Act, passed in 1995, lists a variety of factors that could potentially...
How To Prevent Financial Devastation In A Gray Divorce
Gray divorce, the term describing couples over 50 years of age who wish to dissolve their marriage, is on the rise. In fact, the divorce rate for people over 50 doubled since 1990, and tripled for people over 65. While these couples typically do not need to address...