Think that you have to sell your house during a divorce? Many couples do, of course. It often just makes the most sense based on needs and affordability, and it makes it easier to divide assets.
You file for divorce. Your spouse doesn't react well. They're angry. You hoped they would be civil, but you knew this was a possibility. If anything, it just reinforces your view that you need to end the marriage.
In your divorce, you are only worried about dividing assets. Your kids have all grown up and left the home. Both you and your spouse work. You don't have to worry about things like child custody, child support, spousal support and many other issues that usually influence younger divorces.
Asset division in divorce has the potential to be a sticking point. Even if you're both willing to work toward a compromise, you can expect to face challenges along the way.
Dividing physical property during a divorce can be difficult enough. What happens when the assets are digital?
Divorce can affect how a company is owned and operated. Recently, an Oklahoma judge ruled that billionaire Harold Hamm can retain his controlling interest in Continental Resources, a company he founded in 1967.
While high-stakes celebrity divorce cases make good tabloid fodder, they also offer an informative glimpse into how individuals work out fair agreements while in the glare of the public spotlight. Public or private, high-net-worth couples have similar concerns as they work through divorce.
Connecticut is referred to as an "all-property equitable distribution" state. Pursuant to Connecticut statutes, the court will consider several factors in determining a fair, but not necessarily equal, division of all assets, earnings and debts.