Many married couples relish in the opportunity to buy a home for their family. Homes should be very personal purchases and couples often work hard to make a home their own. In addition, children can become very attached to the home in which they were raised and the location of that home can dictate where they go to school, religious services, and their friendships in the neighborhood. Last but certainly not least, a house is often the most valuable asset that a married couple has. For all of these reasons, what happens to the home is often a primary concern for divorcing couples.
Equitable Division of Property in CT
Connecticut law mandates that property in a divorce should be divided equitably. Connecticut law also does not take into account whether or not one spouse owned the house prior to the marriage or whether the house is titled in the name of only one spouse. Generally speaking, if a married couple has a house, it will be subject to equitable division in the event of a divorce.
It is important to realize that “equitable” does not mean “equal,” and rarely is property simply divided down the middle for a 50/50 split in a divorce. In fact, this is often impossible, especially with a house. Instead, courts will try to find the fairest way to divide property, taking into account many factors. For example, one factor that often affects what happens to the family home may include who will have primary custody of the children.
The main options for the family home in divorce include:
- You sell the house and divide the proceeds
- One spouse buys the other out of their ownership share and keep the house
- One spouse keeps the house and the other receives a greater portion of other property in return
Call a Stamford, CT Divorce Attorney for More Information Today
At the Law Offices of Piazza, Simmons & Grant, L.L.C., we understand that dividing property in a divorce can be stressful, as can the many other issues that may arise in your case. We are here to protect your rights and ensure you receive a fair and favorable result in your divorce. It is important to have a highly experienced divorce lawyer on your side so please call our Stamford office at 203-348-2465 for assistance.