Marital property division can be a complex and emotionally charged aspect of divorce proceedings. The process involves the equitable distribution of assets and debts acquired during a marriage, and it can significantly impact the financial well-being of both parties involved. To help ensure a smoother and more efficient property division approach, there are four essential ways that spouses can streamline…
Divorced or would-be divorced couples in Connecticut may want to take note about a change that is looming regarding how spousal support payments will be taxed once the Tax Cuts and Jobs Act goes into full effect on January 1, 2019. As explained by the Internal Revenue Service, the current law assigns tax liability to the spouse who receives alimony…
When couples in Connecticut get divorced and they own a home together, they often put a lot of time and emotional energy into figuring out what to do with their house. However, some of that time and energy should also be directed toward the mortgage. That is because banks do not look at houses and mortgages as one in the…
Residents in Connecticut who get divorced know that there will be many new things to learn and decisions to make. One of the difficult parts of ending a marriage is deciding how the couple’s assets and debts will be split between both parties. It is important for spouses to know that making this decision requires not simply agreements between each…