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.
Division of property can be a particularly troubling subject, as quite often the concept of “sentimental value” is championed over the actual value of a piece of property by one or both parties. It is very easy to get caught up in this conception of value, but it can also be very dangerous as it may lead to one or both parties ascribing an unrealistic value which will not be reflected in a settlement. Keep in mind that market value, not sentimental value, is what dictates how much a piece of property is worth.
In order to deal with issues like this, some couples have found collaborative divorce a valuable tool. In a collaborative divorce, both couples retain their own counsel but also work with a neutral team of professionals to help separate feelings from finance. Obviously, this form of divorce is geared more toward couples who already have a relatively amicable relationship, and there are options available no matter what state the relationship might be in.
Divorce is one of the most complicated challenges an individual can face, as some Connecticut residents are keenly aware. Seeking out support in the form of professional assistance can be valuable to both parties in a separation. Learning more about the subject of divorce law and learning to mitigate the influence of emotion on a settlement can make all the difference in the world.
Source: marketwatch.com, “Divorce isn’t just about the money grab”, Larry Stein, July 28, 2014