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Berchem Moses PC
  • Milford 203-783-1200
  • westport 203-227-9545

Property division decisions can have long-lasting impacts

Going through divorce in Connecticut is often unpleasant for both emotional and financial reasons. This is especially the case for divorcing individuals who struggle to find common ground during the proceedings when dealing with topics such as property division. A few tips may help people going through the dissolution of a marriage to achieve the outcomes they desire.

First, a person would be wise to think carefully about keeping a house for his or her adult children. For instance, one spouse might be interested in keeping the family beach house so that the children can use it. However, selling the home and then distributing the proceeds to the kids might be a better idea, particularly if one of the siblings tends to use the house as a getaway more than the others do. Also, if one sibling wishes to keep this house, while the others wish to sell it, this can lead to a potential fight or legal battle.

It may also be beneficial to turn to a financial analyst with experience working with divorcing individuals. This is because any property division decisions made during a divorce have long-lasting consequences. An analyst may help people during this type of proceeding to remain focused and avoid making any errors in judgment.

The divorce process in Connecticut is inherently complicated, with one mistake having the potential to set a person back financially and cause emotional turmoil. Proper legal guidance, however, may help people to make wise decisions when tackling various issues, such as property division and asset distribution. Both parties have the right to fight for their best interests while considering the other party's wishes.

Source: U.S. News & World Report, "How to Handle Investments When You Divorce", Lou Carlozo, Nov. 16, 2015

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Berchem Moses PC
75 Broad Street
Milford, CT 06460
Phone: 203-783-1200
Fax: 203-878-2235
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Berchem Moses PC
1221 Post Road East
Westport, CT 06880
Phone: 203-227-9545
Fax: 203-226-1641
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