People who are divorcing may wonder how it will affect their student loan debt. If they went into the marriage with the debt, it will probably be considered individual property and the person who took it out will be responsible for it. However, if the student loan debt was acquired after marriage, what happens to it is less straightforward. In Connecticut, an equitable distribution state, a court will look at several factors to decide whether student loan debt is shared property and how it will be divided.
When you split from your spouse in Connecticut, you will need to sort your way through a number of important matters, from how you will divide valuable assets to how you plan to share custody of your child or children, if applicable. When it comes to dividing your assets, your most valuable shared asset may well be your home, and you will generally have three different options when it comes to dividing up its equity.
Raising teenagers can be tough in any circumstances, but for Connecticut parents who are divorced, there can be extra challenges. If the parents have been navigating tough co-parenting situations for years, this might seem like the time they can relax a little, but this is the wrong move. Teens need a different kind of guidance compared to younger children, but they still need some.