What Is Equitable Division?

equitable division fairfield ctDivorces can be complex, and they require appropriate communication with a trusted legal team to ensure that everything is handled properly. Here in Connecticut, there are several laws and procedures that you need to know as you head into your divorce, and these may differ from those in another part of the country. This means that even if you have been divorced before, it is helpful to work with your divorce attorney. One area in which people can become caught up is the concept of “equitable division.”

With The Law Office of Amendola & Amendola in Fairfield, CT, you can have a dedicated guide throughout the course of your divorce. The law is simultaneously clear and confusing when dealing with the division of finances here in Connecticut, and having an advocate by your side can make all the difference. In our state, we are governed by a concept called equitable division, which states that property must be divided in a way that seems just to both parties. This differs from how community property states handle things, where they require that 50% go to each partner. Talk to our team to learn more!

The Court Requires A Division Of Your Assets

When you and your former partner decide to end your marriage in the eyes of Connecticut law, there are certain steps that you need to take. Navigating these on your own can prove to be tricky, if not downright difficult, so it is always a good start to meet with a trusted legal team so that you can better understand what the state needs from you.

Like in all states, Connecticut requires that you two divide your finances when you divorce. Some states are known as community property states, and they stipulate that each partner must receive half of everything. In our state, we have a principle known as “equitable division,” which works a little differently.

How Does Equitable Division Work?

One important thing to remember when thinking about divorce is that equitable division does not necessarily mean equal. Sometimes, one partner may earn significantly more than the other, and in these instances, your judge will look to make a determination that helps each to maintain their quality of life after the divorce.

Several factors can come into play when talking about dividing finances, such as the duration of the marriage. Judges can also consider the age and employment status of each partner to find a reasonable way for both of you to continue on after ending things.

Find Out More With Amendola Law!

If you have been thinking about divorce, talk to our team about how equitable division impacts your financial situation. Give us a call today at The Law Office of Amendola & Amendola in Fairfield, CT at (203)803-2943 and schedule a time to meet!