Connecticut law requires divorce litigants to disclose assets and financial information to their opponents. The law imposes automatic orders upon the filing of divorce that require the litigants to exchange sworn financial statement in any family law matter....
Property Division
Understanding Litigation Involving Prenuptial Or Postnuptial Agreements
Prenuptial agreements involve contracts entered into between prospective spouses in contemplation of marriage. Premarital agreements typically address property division and other financial matters, excluding financial aspects of child support, should the parties later...
Creating Appropriate Strategies for Business Valuation in Divorce
In any dissolution of marriage in Connecticut, the assets and liabilities of the parties are divided through the process of equitable division. Generally, the court has wide discretion in the distribution of property and may assign all, or any portion, of the estate...
Property interests are more than mere expectancies in a Connecticut divorce
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...
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...
Trust assets are the focus In billionaire’s divorce dispute
A contentious property division dispute involving trusts and limited liability companies that own a variety of assets shows how family law can overlap with trust law, corporate law and tax law. The influence of individual state laws regarding trusts, property...
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...