Family Law Attorney Who Understands Complex Property Division Questions

Division of marital property can be an incredibly difficult, contentious issue for divorcing spouses, regardless of the details of the divorce. Connecticut is an equitable distribution state. If an asset or property was purchased or received during the course of the marriage, including an inheritance, and there is no prenuptial agreement, it is likely subject to property distribution. Property received or earned before the marriage may either be distributed or not.

The law firm of Verna B. Lilburn has over 25 years of experience representing clients when it comes to the division of marital assets. We know the likely outcome of such matters and can advise you on what approach to take to make certain the property division process is fair.

Why An Experienced Marital Assets Attorney Is Needed

In marital property division, three factors are considered: What is marital property? What is the fair market value? And what is a fair division of the property according to Connecticut state laws? Assets and property typically subject to distribution include:

  • Real estate
  • Investments and other financial property
  • Retirement income, including 401(k) accounts and 401(b) accounts
  • Business partnerships, corporations and solely owned businesses
  • Automobiles
  • Objects of art
  • Furnishings

The court has power to determine which assets are considered marital property on an individual basis. In some cases even individual inheritances received during a marriage have been subject to equitable distribution in divorce.

We help you ascertain what constitutes marital property to ensure that your rights are protected. We frequently work with financial experts, including forensic accountants, to arrive at fair market value of property and assets, including valuation of small and large businesses.

What Is Equitable Distribution?

Equitable distribution is determined on the basis of several factors, including:

  • Length of marriage
  • The reason for the end of the marriage
  • Health of both divorcing spouses
  • Occupation, vocational skills, education and income/capital gain opportunities for each spouse
  • Liabilities and needs of both spouses
  • Preservation or appreciation in value of respective estates and other property
  • Custody and parental access considerations

Connecticut is a no-fault state in terms of filing for divorce, but fault in the breakdown of the marriage is one of the factors considered in division of marital property. Our firm will act promptly and diligently to present your individual circumstances in the most favorable light, to ensure truly fair distribution of property, and to protect that which belongs to you.

Contact Our Firm To Learn More Information

To ask questions about the complex division of highly valued property with a knowledgeable family law lawyer, contact our New Haven firm. All phone calls and e-mails are answered within 24 hours. Call to schedule an appointment for an initial consultation at 203-309-0717 or send us an e-mail. We also provide representation for Hamden and other areas across south central Connecticut.