The attorneys of The Law Offices of Savona & Saunders have achieved equitable property settlement agreements for countless clients in situations that span a wide range of marital asset levels. Often the complexities of a divorce are amplified by concerns regarding division of assets and debt. This is especially true for clients with high-value property and significant individual and marital investments and debt, including:
- Investment assets
- Family-owned businesses and closely held corporations
- IRS tax debt
- Credit card and personal debt
- Professional practice interests, inventory, and investments
- High value homes such as vacation homes, boats and investment real estate
- Collectibles and personal property
At the Law Offices of Savona & Saunders we focus exclusively on family law matters and have extensive experience litigating divorce cases, drafting marital agreements and handling divorce and property settlements. We have the competence you need to ensure that all aspects of your family law case, including financial matters, are fully developed prior to the final divorce decree. We represent individuals throughout Connecticut and provide experienced legal services related to property division in divorce.
Community Property vs. Separate Property
Connecticut is one of nine states recognizing community property division.
- Community property describes all assets (and debts) that were jointly acquired during marriage. Each spouse is seen as contributing equally, regardless of individual income, so community property is divided evenly. This means that each spouse receives one-half of these assets, which can include money, real estate, retirement plans, furniture, automobiles, and possessions.
- Separate property is property that belongs to one spouse and is not subject to division in divorce. This includes property that a spouse brought to the marriage (a house, a business, pension funds) or assets or debts acquired in the name of one spouse during the marriage (an inheritance, personal injury award, or education loans).
We work with professional appraisers, accountants, and actuaries to properly value marital assets, then work diligently with you to tailor an innovative and fair proposal, or properly evaluate the other party’s proposal. Our experience, skill, knowledge, and ability to fashion tailored settlement agreements to meet your needs are part of the professional legal services we provide. Our firm is here to protect your marital rights and ensure you receive an equitable distribution of all assets and debt.