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

Collaborative divorce may help with addressing property division

The divorce process can easily be acrimonious if two people are unable to see eye to eye on how to divide their shared property, for instance. However, an alternative to divorce litigation in Connecticut may help a couple to achieve a resolution regarding property division without further court intrusion. One common alternative is collaborative divorce.

In a collaborative divorce, two people work out a settlement without having to go to court. This is essentially a team approach to dissolving a marriage. In this type of divorce, neither party can threaten to go to court.

The attorneys, during a collaborative divorce, must find solutions that meet both parties' needs. This process can be particularly helpful for couples whose financial situations are not complicated. For instance, people who do not have significant assets may benefit from collaborative divorce.

Divorces that have not been appropriately managed from not only legal but also investing, financial and accounting aspects may have negative consequences that seriously prevent a person's ability to start fresh following a divorce proceeding. Several financial aspects need to be considered, including the division of the marital home, retirement plans, bankruptcy, credit, debt, insurance, Social Security, spousal maintenance and child support, if this is applicable. Proper legal guidance may help people going through divorce to tackle property division and asset distribution in a manner that will not cause them financial ruin either in the short term or the long term. Both parties have the right to seek a divorce settlement in Connecticut that is personally favorable.

Source: kansascity.com, "Your Financial Planner: Posturing in divorce", Chanel Fortier, July 4, 2016

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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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