Asset and Debt Distribution

Connecticut provides for the equitable distribution of marital assets at the time of the divorce. It is not a “community property” state. Marital assets are those which have been acquired during the marriage. Some factors considered in determining the disposition of marital assets are: length of the marriage, causes for the breakdown of the marriage, age, health and amount of income for each spouse.

Marital debts incurred during the marriage by either spouse are also divided equitably. The fact that a particular debt is legally the obligation of one spouse or the other is not necessarily what determines who will pay. Attention may also be given to who benefitted from the debt incurred, be it one spouse or the other, or the entire family.

Call today for a discreet appointment to discuss the various options concerning child custody and visitation.

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