Those who own a home in Connecticut may believe that they can assume a mortgage in a divorce. However, this is not necessarily the case, so it is a good idea to read the mortgage document before deciding on what to do with a marital home. Since 2008, it has become...
Divorce
Determining what to do with the marital home during a divorce
Connecticut couples going through a divorce understand how difficult a separation can be. In addition to dealing with the emotional impact of divorce and the effects of the transition on the children, there are a number of financial issues that have to be addressed....
Marriage and divorce rates changing nationwide
Divorce and marriage rates are shifting for many states throughout the country. For people in Connecticut, the marriage rate is one of the lowest in the country, while the divorce rate sits at just about the national average. While many people go into a marriage...
Grey divorces demand legal attention
In Connecticut, grey divorce continues to attract older married couples. Today, 25 percent of married couples get grey divorces in comparison with the 1990s when only 10 percent of couples over the age of 50 got divorced. It is a traumatic experience to get a divorce...
Property division in divorce and business ownership
A prenuptial agreement is one method that a Connecticut entrepreneur can use to protect a business in case of a divorce. One way of approaching a prenup is to think of it as making arrangements to divide properly fairly outside of the stressful atmosphere of a...
What to consider before getting a divorce
Each year, about two million couples in Connecticut and throughout the country get divorced. Therefore, it may be a good idea to plan for one happening even if it is something that people generally like to avoid. Preparing for a divorce ahead of time allows a person...
Higher divorce risk linked to women’s serious illness
"In sickness and in health, till death do us part." These words are a famous part of the marriage vows taken by many people in Connecticut. Even with the best of intentions, however, serious illness can place a major burden on a marriage. This may be especially true...
Financial advisers contribute greatly to divorce planning
Emotional dissatisfaction typically motivates people in Connecticut to seek divorces, but the process requires an intense examination of marital and individual finances. People from all income levels generally benefit from the guidance of financial planners and...
January leads to an increased interest in divorce
The first full week of January marks a time when divorce filings tend to surge in Connecticut and throughout the country. People like to start the divorce process in January because the new year represents a chance to get a fresh start in life. It is also just after...
Divorce challenges spouses who own businesses together
Many couples who end their marriages in Connecticut encounter difficulties when dividing marital property. Spouses who own a business together or with other partners, however, have even greater challenges to overcome when preparing for divorce. They need to determine...