Is Connecticut a 50/50 Divorce State?

Is Connecticut a 50/50 Divorce State?

No alt text provided for this image


Property division?is one of the major issues in Connecticut?divorces, and many people wonder whether CT is a 50/50 divorce state.?When it comes to dividing property in a divorce, Connecticut is an “equitable distribution” state. It is not, as is sometimes misunderstood, a “community property” state.

“Equitable” does not necessarily translate to 50%/50%.

Read on to learn what it does mean.

What is Equitable Distribution in Connecticut?

Courts in?equitable distribution?states like Connecticut divide marital property according to what is fair, or?equitable,?for both spouses. This isn’t the same as?equal?distribution.

Equitable does not necessarily mean 50/50.?

The focus of equitable distribution is the needs of each spouse and the facts of the case.?The spouses either reach an agreement on what constitutes an equitable distribution of property, or the judge decides.

The keyword when you think of equitable distribution is?equitable.

How Does Property Division Work in Connecticut?

Equitable distribution in Connecticut’s is quite different from other states that follow the equitable distribution rule of property division.?This is because, in addition to being an equitable distribution state, Connecticut is an “all property state.”

In a Connecticut divorce, family law courts have broad authority to award marital property to either spouse, regardless of:

  • how it is titled
  • when it was acquired
  • or whether it was received as a gift or inheritance.

In Connecticut, all property is marital property, which is a sharp contrast to the law in most equitable distribution states.?In theory, this means that everything owned by both spouses (and all debts owned by both spouses) is “fair game” or subject to division in a Connecticut divorce.?This is what makes Connecticut an “all property” state, which means that everything the couple owns or owes is fair game when it comes to dividing things up in divorce.

The Comprehensive Connecticut Property Division Guide

How to divide property is one of the most important issues in divorces.?And, it’s one of the most confusing.?There are no set formulas or rules on how property will be divided.?The good news is that creates tremendous flexibility for experienced?divorce attorneys?to craft an individualized approach.?In order to prepare to make solid and informed decisions, you need to understand how property division works.?Our Comprehensive Connecticut Property Division Guide tells you everything you need to know about property division in Connecticut.?Read: Property Division: The Comprehensive Connecticut Guide

Next Steps

The fact that CT isn’t a 50/50 divorce state means there is a lot of opportunity for creative negotiations, strategy, and solutions. It’s important to have an experienced divorced legal team as your guide.

Our first step at Freed Marcroft, the Goals & Planning Conference, is designed to get to the heart of your problem and unveil your?true goals.?Then, we take those goals, analyze them along with the facts of your case, and present you with recommendations and options on how to move forward.

Schedule your Goals & Planning Conference?today, or contact us either?here?or by phone?at 860-560-8160.

Victoria Kirilloff, CDFA?, NCPM?, CDS?

I help families make data driven financial decisions during life crises like divorce and death. | Founder of Wealth Analytics and Divorce Analytics. ??

2 年

This great to know!

回复

要查看或添加评论,请登录

Meghan Freed的更多文章

  • Discussing Divorce With Your Spouse

    Discussing Divorce With Your Spouse

    It’s extremely sensitive and challenging to tell your spouse that you’ve made the decision to divorce. Clear…

    3 条评论
  • When Should You Hire a Divorce Attorney?

    When Should You Hire a Divorce Attorney?

    “When should you hire a divorce attorney?” Though many people associate divorce lawyers with the actual legal…

    1 条评论
  • Don't Mistake Truth For Weakness; It's Strength

    Don't Mistake Truth For Weakness; It's Strength

    Here’s what you want that you may not know you want. You want a lawyer with the courage to tell it to you like it is…

    4 条评论
  • Control & Divorce

    Control & Divorce

    It’s common to experience a feeling of loss of control of the situation during a divorce. And, when something bad…

  • Should I Bring a Friend or Relative to my Meeting with my Divorce Attorney?

    Should I Bring a Friend or Relative to my Meeting with my Divorce Attorney?

    Some people wonder whether they should ask their divorce attorney whether they can bring a family member or friend to…

  • When Reality Doesn't Match Up With Your Vision

    When Reality Doesn't Match Up With Your Vision

    At Freed Marcroft, we spend a lot of time encouraging our clients to figure out their goals. If you could wave a magic…

  • Are Divorce Records Public in Connecticut?

    Are Divorce Records Public in Connecticut?

    For many people, privacy — for themself, their spouse, and their children — is a priority during and following a…

    1 条评论
  • Confidentiality Agreements & Divorce

    Confidentiality Agreements & Divorce

    When executives, entrepreneurs, and other high net worth or publically-known people divorce, their matters require more…

  • How Do I Protect My Privacy During a Divorce?

    How Do I Protect My Privacy During a Divorce?

    In our article “Are Divorce Records Public in Connecticut?” we learned that generally speaking, divorce filings and…

    1 条评论
  • Effective Communication With Your Legal Team & Scheduled Calls

    Effective Communication With Your Legal Team & Scheduled Calls

    One of the most — if not the most — important keys to a successful working relationship between an attorney and a…

社区洞察