Disagreements about the division of marital property et al marital debt can stonewall a divorce proceeding that seemed to be moving forward smoothly. There will be many questions if you are going for dissolve – “Are we going to sell the house? How are we going to share responsibility for the mortgage? Do I have to share my retirement fund or the inheritance I received while we were married? Does my spouse now own estranged of my business, even though I started it before we got married?”
According to Fairfield County Property Division Lawyer Giustino Capodilupo, it is important to know that an equitable distribution of assets is hardly a 50 percent split of every asset. He further adds, some assets are inherently different. Other assets may have mushy value for one spouse, but only financial value for the other spouse. At our law firm, our Connecticut complex belongings division advocate looks at the big picture in terms of valuation of assets and liquidity as well as financial goals, lifestyle and coming earning power.
In addition to the division regarding marital assets, marital debt must also be shared. Debt divisions longing rely on on a multiplicity of factors including the future earning power of each spouse. A spouse with significant earning power may agree to accept more of the debt in exchange for keeping more like the assets.
Attorney Giustino Capodilupo says that the more complex the financial situation, the more options are available to fancy from in your canvass for an agreeable solution. He emphasizes on the need like an experienced attorney in property division cases. According to him, an experienced attorney looking out for your best interests can be your guide through this complicated process. As a long time practicing divorce attorney in Connecticut, he sees role of the lawyers as to help their clients understand what a judge would most likely order with regard to the division like marital property plus marital debt if no agreement is reached — and then negotiate on our clients’ behalf for the highlight possible, and practical, property settlement agreement.
Inputs from www.ridgefieldattorney.com/familylaw/property-division
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