When individuals with high net worths get a divorce, the stakes are always high. Figuring out the division of assets tends to become complicated. Divorce is often especially nasty in states where fault comes into play. Connecticut is one territory where the reason for...
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Divorce
Ways high-asset divorces differ from others
Not all divorces are the same. Some are quick and easy, while others are arduous and complicated. High-asset breaks tend to be more of an entanglement. Knowing what separates them from others prepares the parting individuals for what is to come. Expense The stakes are...
What happens to your business after a Connecticut divorce?
How to split the marital property is often one of the biggest issues in a high-asset divorce. However, when there is a family-owned business involved, matters can be even more complicated. What happens to your business when you divorce in Connecticut? How Connecticut...
Equitable distribution and how it affects your marital assets
Divorces in Connecticut do not always result in an even distribution of marital assets. The state follows equitable distribution guidelines, which means that courts will review multiple factors to determine a fair, but not necessarily equal, division of property....
Divorce: What to know if your spouse is hiding assets
Married couples with extensive wealth from investments and high asset careers face unique challenges when getting a divorce. While the law requires that each spouse disclose all income and holdings, people do not always comply. It is vital to know the total of your...
Mediation versus litigation in high-asset divorces
If you and your spouse have determined that ending your marriage is the best course of action or merely the inevitable conclusion, divorce proceedings in court are not your only option. Divorce litigation and dispute resolution through mediation both offer individual...
Why may successful people be more likely to get a divorce?
It is very common for highly successful individuals to experience divorce. When people cannot make their relationship with their spouse work, it is not necessarily because one or both spouses “failed” at the marriage. Achieving success and the various responsibilities...
Can you appeal the judge’s decision in your contested divorce?
If you and your soon-to-be ex-spouse can find common ground on all or most divorce-related issues, you may be able to proceed with an uncontested divorce. On the other hand, if the two of you disagree about property division, child custody, spousal support or any...
What to know about high-asset divorce in Connecticut
A high-asset divorce involves complex issues relating to division of property, marital assets and child custody. The primary income earner may have concerns about his or her liability for monetary support. The at-home spouse may have fears about post-divorce financial...
What does it mean that Connecticut is not a 50-50 state?
Some states divide marital property equally among divorcing spouses. This is often referred to as "50-50 distribution." However, Connecticut employs an equitable distribution method. What does this mean for people getting divorced in Connecticut? What is equitable...