When you decide to get divorced, you typically get to keep separate assets, and you have to divide marital assets. Separate assets may have been purchased prior to your wedding, but everything after the date of your marriage likely counts as a marital asset – with a few exceptions for an inheritance, some family heirlooms and things of this nature.…
The end of summer can often be a busy time for families in Connecticut who have school-aged children. People may try to fit in the last of the summer fun activities while also needing to get prepared for that eventual first day of school. For parents who are separated or divorced, there is also the need to figure out how…
Divorce cases are unique from the root. Different factors can contribute to it, and money is among them. However, in most cases, financial struggle can be the first guess when a couple divorces because of money. But the opposite can also be true. A couple can dissolve their marriage due to wealth. Here is how this can happen. Financial infidelity…
Getting divorced can be difficult if you have children and you have to split up custody. You and the other co-parent have to work together to find a custody arrangement, or the court can decide how you should split up parenting time and decision-making power. Another common issue is property division, where you split up the marital assets that you…
With housing costs as high as they are, more and more divorcing couples are facing the question, “How do you move on when you can’t afford to move out?” Whether you’re just biding your time until the home is sold and the proceeds divided or you and your ex are trying to share living space to make co-parenting easier, there…
One of the main decisions a court makes when it comes to children is child support payments. Child support is a payment from one parent to another to assist with the care of the children. Usually, the parent who the children live with receives the payment and the other parent pays it. The court uses the Connecticut Child Support and…
After many discussions, you and your spouse have decided that you’re going to get divorced. It’s time to begin dividing your lives. Since you have a shared bank account, you’re considering closing that account and starting one under your own name. In many ways, this is a wise and necessary step. For instance, many couples will separate while they get…
If you have spent the summer divorcing, then you and your child might be looking forward to their return to school. It can free up your time, which may have been in short supply as you juggled caring for your child with handling the divorce and your other responsibilities. As for your child, they may be looking forward to returning…
As the new year rolls around, it’s time for co-parents to review and refresh their parenting plans. Why? A parenting plan, essentially a roadmap for raising children post-divorce or separation, benefits greatly from regular assessments and updates and the start of each new year is a great time to engage in these efforts. The practice of reviewing one’s parenting plan…
Like many in Southport, you may find it hard to understand the notion of your 401k being an asset that is subject to property division. After all, your account is any available through your employer and is typically supported solely by your income (as well as any matching funds offered by your employer). Why, then, would it be considered a…