Hardy Law Group Property Division

Hartford Property Division Lawyer

Fighting for Your Financial Interests in Connecticut Divorce

Property division is the legal process through which a court distributes marital assets and liabilities between spouses during a divorce. This is a critical aspect of divorce proceedings in Connecticut, ensuring an equitable property distribution to both parties.

This issue is critical to many spouses, especially those with disparate incomes and financial resources, businesses, professional practices, retirement accounts, and high net worth and substantial assets.

Reaching a fair division of marital assets and debts can be complex. It may require the help of financial experts such as forensic accountants and tax consultants. Because it can dramatically impact your financial security post-divorce, putting an experienced divorce lawyer on your side is essential.

At Hardy Law Group, you can turn to a firm with over a decade of professional experience resolving divorces for clients across the state. We offer competent advice, guidance, and representation in negotiation, mediation, and litigation.

Email us from our online contact form or call (959) 214-4833 to book a free initial consultation with our Hartford property division attorney at Hardy Law Group.

Division of Property & Debt in Connecticut

Property or assets that are subject to division in a Connecticut divorce can include:

Real estate: Homes, rental properties, land, and other real property.
Personal belongings: Vehicles, jewelry, furniture, boats, antiques, art, collectibles, planes, and other tangible items.
Financial accounts: Bank accounts, investment portfolios, stocks, bonds, cryptocurrencies, and retirement accounts.
Business interests: Ownership stakes in businesses or professional practices.
Debt: Mortgages, loans, credit card debt, and other liabilities.

These are subject to “equitable” division between the spouses. This refers to fair but not necessarily equal distribution. Judges consider various factors to determine how the property and debt will be divided.

Marital vs. Separate Property

Only marital property can be divided in a divorce. These are assets and debts acquired during the marriage, regardless of whose name is on the title or account. This includes income, real estate, and investments accumulated after the wedding.

Separate property is assets and debts that one spouse acquires before the marriage or through inheritance or gifts explicitly made to them during the marriage. It is generally not subject to division, though it can sometimes be commingled with marital property, complicating the division process.

Factors Courts Consider for Property Settlements

The courts will evaluate multiple factors on a case-by-case basis when determining a fair settlement.

Length of the marriage: Longer marriages may result in more complex property settlements.
Causes for the divorce: While Connecticut is a no-fault state, the court might consider relevant misconduct.
Age and health: Each spouse’s physical and mental health can influence the division.
Income and earning capacity: Both partners’ current and future earning potentials are evaluated.
Contributions to the marriage: Financial contributions and contributions to homemaking and child-rearing are factored in.
Needs and liabilities: Each spouse’s financial needs, debts, and liabilities are considered.
Estate and property: The total assets and property both spouses hold.
Education and vocational skills: The employability and ability to acquire assets in the future may affect the division.
Standard of living: The lifestyle maintained during the marriage is considered.

Reaching a Settlement Outside of Court

Spouses can reach their own property settlement outside court through negotiation, mediation, or collaborative law. This allows both parties more control over the outcome and can be less adversarial and costly than court proceedings.

A mutually agreed-upon settlement can then be submitted to the court for approval, ensuring it complies with Connecticut laws and is fair and equitable. Legal advice is crucial during this process to protect your rights and interests.

Prenuptial & Postnuptial Agreements in Property Settlements

Prenuptial and postnuptial agreements typically delineate how assets and liabilities will be divided in the event of a divorce. In Connecticut, such contracts are upheld as long as they meet specific legal requirements.

A valid agreement must be in writing, voluntarily executed by both parties, and based on complete and fair disclosure of financial assets and liabilities. Moreover, both parties should have had the opportunity to consult with independent legal counsel.

When such agreements exist, the provisions outlined within them typically take precedence over state laws governing the equitable distribution, allowing for a more predictable outcome in property division.

These agreements can significantly simplify the process of property division. They provide a clear roadmap for dividing assets and liabilities, reducing the potential for conflict and lengthy litigation. As a result, parties can avoid the emotional and financial strain often associated with contentious property disputes, allowing them to resolve faster and more amicably.

Continue Reading Read Less

Put a Proven Hartford Property Division Lawyer on Your Side

If you are involved in a Connecticut divorce involving property and debt division, putting our attorney on your side brings significant advantages. Attorney James Hardy has an in-depth understanding of Connecticut’s laws, enabling you to understand your rights and obligations well. This helps you navigate the complexities of property division and avoid costly mistakes.

Emotions can run high during divorce proceedings, potentially clouding judgment. We can provide an objective viewpoint, helping you make rational decisions in your best financial interests. We can also work with economic experts to accurately assess the value of your assets and liabilities, from business interests to real estate, retirement accounts, and more.

Through skilled negotiation tactics, our firm can help you reach mutually beneficial agreements and advocate for your interests in mediation and court. Acting as an intermediary between you and your spouse, we can help reduce direct conflict and facilitate more constructive discussions. We can also manage the legal paperwork, deadlines, and procedural requirements, streamlining the process.

At Hardy Law Group, we are here to help you achieve an outcome supporting your future stability and financial health.

Contact us at (959) 214-4833 today to discuss your case with our Hartford property division attorney.

Continue Reading Read Less

Why Choose Hardy Law Group?

Your Trusted Legal Partner

Client-Centered Approach
We personalize our work, listen closely to your needs, and address concerns promptly to ensure you receive the best legal guidance.
Dedicated to Your Success
We are deeply invested in our clients' success. Our goal is to help you achieve the best possible outcome in every legal situation you face.
Free Consultations
We offer free consultations to help you understand your legal options without any initial financial commitment. At Hardy Law Group, your peace of mind is our priority.
Unique Backgrounds & Solutions
Our diverse background and experiences allow us to approach legal challenges from different angles, providing innovative and effective solutions for our clients.

Our Testimonials

See What Our Clients Have to Say

"He treated us as if we were family."
Mr. Hardy assessed my family's case and worked diligently to gain not only the best results, but the results our family wanted. He worked with us every step of the way throughout this entire ordeal. I will recommend James Hardy to anyone! He treated us as if we were family.

- Michael M.
"He guided us through our legal issues with compassion and skill."
My family and I were fortunate to obtain legal services from James Hardy a few months ago. He is very professional and thorough. He guided us through our legal issues with compassion and skill. He also took time to explain the legal aspects to us and assured us that all would be well. We appreciate that he treated us with dignity and respect. We were satisfied with the results and would not hesitate to recommend Mr. Hardy to anyone. We cannot thank you enough!

- Gertrude W.
"After speaking with him in person I felt incredibly reassured that he would be the best lawyer for me and my case."
Hardy is a phenomenal Lawyer! Hardy is very well educated alongside his representation that was always exceptional. I would highly recommend his services to those in need. His fees are reasonable and he was flexible with me as a client. I went through a list of lawyers before I found Hardy. After speaking with him in person I felt incredibly reassured that he would be the best lawyer for me and my case.

- Jerica B.
"He upholds integrity and always has my family's best interest in mind."
Mr. Hardy heard me out and handled the situation (including showing up to court twice for a no-show ex) and is still taking all measures to make sure all child support and custody issues are seen through to the end. My son's mother wanted to bring me back to court but I live 1500 miles away now. I was confident having him appear and represent me. He is extremely knowledgeable on the family laws in the state of Connecticut, he upholds integrity and always has my family's best interest in mind.

- Brenard T.
"He works with you, for you and stands by you!"
James Hardy is determined to make your situation as light as possible. He works with you, for you and stands by you!

- Dominique M.

Read Reviews

Hardy Law Group

Request a Consultation

Powerful Advocacy for Your Legal Needs

A member of our team will be in touch shortly to confirm your contact details or address questions you may have.

First Name
Please enter your first name.
Last Name
Please enter your last name.
Phone
Please enter your phone number.

This isn't a valid phone number.
Email
Please enter your email address.

This isn't a valid email address.
Are you a new client?
Please make a selection.
How can we help you?
Please enter a message.
By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy