Fairfield County Property Division Lawyer

Property Division Lawyer | Here to Fight for Your Hard-Earned Assets

When a couple gets divorced without a prenuptial or postnuptial agreement in place, the court will divide their marital property between them. Marital property encompasses assets acquired during the marriage. Conversely, separate property refers to assets owned prior to marriage or received individually as gifts or inheritances.

Importantly, in Connecticut, the division of marital property follows equitable distribution, meaning courts will divide assets in a manner they consider fair and just, which is not always 50/50 between spouses. For this reason, it’s generally best to try and reach an agreement with your spouse and an unbiased Fairfield County divorce mediator outside of court, as opposed to having your divorce litigated in court and property division terms decided upon by a judge.

Factors Considered When Dividing Marital Property in Connecticut

Connecticut courts will consider a wide range of factors when dividing marital property in a litigated divorce. Just some of those factors are as follows:

• Length of the Marriage: Longer marriages might see a more even split of assets.
• Each Spouse’s Financial Circumstances: Financial needs and capabilities are assessed.
• Contributions to Marital Property: Both financial and non-financial contributions matter.
• Income and Earning Capacity: Future financial prospects play a role.
• Health and Age of Each Spouse: These aspects can influence the division.
• Child Custody Arrangements: Responsibilities towards children are taken into account.
• Reason for Divorce: Certain circumstances might affect asset division.
• Tax Consequences: Understanding the tax implications is vital.
• Debts and Liabilities: These are considered alongside assets.
• Separate Property: Its existence can influence the division of marital assets.

Divorce Mediation for Property Division Terms

Divorce mediation provides a constructive platform for negotiating property division. In mediation, both parties, with legal counsel, work collaboratively towards a mutually agreeable settlement. This process fosters open communication, enabling a deeper understanding of each other's perspectives and needs. Our firm guides clients through this process, aiming for solutions that are equitable and satisfactory. We believe mediation often results in more favorable outcomes, reducing the emotional and financial toll of divorce.

Mediation allows for customized solutions, tailor-made to fit unique family dynamics and financial situations. Our role as your attorneys is to provide legal insight and facilitate a fair negotiation process. We ensure all relevant factors are considered, and your rights are protected.

The advantages of mediation over litigation are numerous. Mediation is typically quicker, more cost-effective, and less adversarial than court proceedings. It allows for more privacy and control over the outcome, an essential aspect in sensitive family matters. Our commitment is to guide you through this process, ensuring a resolution that aligns with your goals and legal rights.

Contact a Connecticut Property Division Lawyer Today

Whether you're looking to have your divorce mediated or must resort to litigated, you can have peace of mind when you hire a skilled property division lawyer from our firm to protect your hard-earned assets. Contact The Law Offices of Eric R. Posmantier, LLC today.