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...
Many executives and professionals like lawyers, doctors, bankers, stockbrokers, directors and financial analysts receive significant bonuses, usually on an annual basis, which may even exceed their salaries. When large bonuses become a regular part of individual or...
Many people in Connecticut own shares of family businesses set up to keep the entity and its profits within the family unit. Sometimes closed corporations involve small groups of friends or acquaintances as the sole shareholders, restricting business ownership...
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...
In a recent post, we discussed the Connecticut court’s power to impute salary or wage income to a payor spouse in the crafting of an alimony award. This issue arises when the litigant who would pay alimony is unemployed, underemployed or overqualified for their job,...
