When the court orders an asset transfer in a divorce, the property’s condition can be an issue. In the recent Connecticut divorce case of Gordon v. Gordon, the court found that the BMW the court awarded to the Wife was delivered by the Husband in less than good condition. Finding it unsafe and inoperable, the […]
THE ENGAGEMENT RING AND CONDITIONAL GIFTS IN A CONNECTICUT DIVORCE
Dealing with high-asset divorce is an exhausting, emotional, and difficult challenge. The same stresses can even apply before marriage–when an engagement ends. In both cases, former partners must make difficult decisions regarding how to divide property and otherwise separate lives that were intimately connected. Many divorcing or separating couples may wonder about the very symbol […]
WHO GETS FIDO IN THE DIVORCE?
In the United States, approximately 50 percent of marriages end in divorce. When a partner files for divorce, the difficult process of wrapping up the marriage begins. As couples begin to drill out the specifics of the divorce with their attorneys, many immediately wonder which spouse is entitled to receive the dog, cat, or other […]
CONNECTICUT AND POSTNUPTIAL AGREEMENTS
Most people have heard of prenuptial agreements, but many don’t even realize that there is such thing as a postnuptial agreement. Postnuptial agreements function similar to prenuptial agreements in that they provide a legal outline in case of the dissolution of a marriage and other unforeseen circumstances. However, a postnuptial agreement is entered into after […]
CONNECTICUT DIVORCE LAW AND THE ALIMONY PROCESS
Though the Connecticut divorce process is relatively simple, especially when compared to other states, there are still certain conventions and legal guidelines that must be understood. Specifically, the process for determining the amount of alimony that a spouse should be awarded can play a very big role in the overall divorce proceedings. Because of complaints […]
RETIREMENT ACCOUNTS IN DIVORCE PROPERTY DIVISION NEGOTIATIONS
When a couple divorces, any retirement accounts they have become part of the whole marital estate that needs to be divided between the two of them. This property division needs to be handled in a certain way or else it can have a great impact on taxes. If an account is going to be transferred […]
TAX CONSIDERATIONS IN A HIGH-ASSET DIVORCE SETTLEMENT
In many complex divorce cases, the issue of how property and assets will be divided is one that needs to be considered and negotiated very carefully. Tax considerations in a high-asset divorce, such as capital gains and gift taxes, can end up eating a large portion of your settlement if the division is not done […]
BUSINESS VALUATION IN DIVORCE
Business asset valuation is the process of determining a monetary amount that best reflects the value of a business. Business valuation is important in quite a few situations. Business valuation is often required when one seeks to sell their business, so that potential buyers understand the value of the business they are considering purchasing. This […]
PROPERTY DIVISION IN CONNECTICUT DIVORCE
Property division is one of the most important and often one of the most contentious issues for divorcing couples. In Connecticut, if a couple can agree to a just and reasonable division of property, judges will generally accept the division they come up with. However, if the divorcing spouses cannot come to an agreement, the […]