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August 2014 Archives

Financial planning key to successful divorce

Some professionals choose to categorize the end of a marriage as a "life event" that can have sprawling repercussions on the rest of an individuals' life. Connecticut residents would likely agree that divorce can have many different effects on both former spouses, not the least of which stems from the financial implications of a divorce. It is for this reason that financial planning is so important to the process.

Hiding assets in divorce can lead to unequal distribution

Money quite often plays a major role in the breakdown of a marriage, according to many statistics. Connecticut residents know that, apart from child custody, one of the most contentious parts of a divorce may be asset division. Here in Connecticut, the precept of equitable distribution means that it is up to the court's discretion to divide marital assets according to what is deemed most fair, but of course that determination can only be made accurately if both parties are honest about what assets they have accrued.

Child support enforcement services available in Connecticut

Figuring out the financial aspects of divorce can be a significant source of tension, especially if children are involved. Child support is not only an obligation, but a necessity, to ensure children have their most basic needs provided for. Unfortunately, some custodial parents in Connecticut may find they need assistance in enforcing a child support order due to lack of payment. August is Child Support Enforcement Month, and as such, it seems appropriate to discuss options available for both custodial and noncustodial parents who may be struggling with a child support order.

Planning for a Connecticut divorce an important step

The breakdown of a marriage can have serious repercussions with regard to both individuals and any children involved. However, Connecticut residents who have been through divorce can attest that planning ahead for potential issues can save a lot of time and heartache in the long run. It is not easy to remain emotionally impartial during a divorce, but planning ahead can help to mitigate the most contentious issues.

Separating emotion from a Connecticut divorce

It is no secret that emotions run high during a separation. Connecticut residents can attest that divorce can be extremely challenging from an emotional standpoint, which is why separating feelings from finances is so important. Thankfully, there are a variety of resources available for both individuals to get the support they need during this critical time.