What Is The Division Of Marital Property?
Connecticut is one of the states that uses the equitable division of marital property law. This determines the division of assets between a married couple when they are going through a divorce. It’s important to understand that when it comes to equitable distribution, the division of assets is equitable. This does not mean not equal. The assets aren’t always split in half. Sometimes, it can be quite lopsided. This means that one spouse will walk away with everything and the other spouse gets nothing. It usually isn’t always this extreme but the possibility is there.
What Marital Property Can I Ask For In My Divorce?
During the settlement agreement and equitable distribution, there are a number of things that you can ask for. You are allowed to request custody of the children. Child support or spousal support, which is generally known as alimony is also a reasonable request. Any assets that you may feel entitled to are also available for request. This certainly doesn’t mean that you ill be granted these things, but you can ask.
The division of assets is what occurs in equitable distribution. Marital property that can be up for acquisition can be anything from stocks to real estate property, In fact, you can request any other assets that were acquired during the course of the marriage.
How Are Marital Assets Divided In Longer Term Marriages?
In longer duration marriages, there may be more assets than there are in a shorter duration marriage. The length of a marriage has an impact on the amount of time that your divorce process can take. Whether you choose mediation or litigation, if you and your spouse cannot come to an agreement on your own about the requests that have been made, a judge may ultimately make these decisions for you. There is also the possibility of requesting that your spouse pays your legal fees. This is typically only granted if one spouse has a significantly higher income than the other spouse and therefore the judge may grant it so that the two spouses can have an equal opportunity to have the best attorney that they can acquire for their divorce.
Judith Goldberg, Esq. is a family law attorney that serves the greater Connecticut area with quality legal services. If you need an attorney to guide you through your legal matter, contact The Law offices of Judith Goldberg.