Equitable Division of Property and Debts
In Connecticut, fair and equitable distribution is based on the totality of the facts and circumstances of your situation. How should the assets and debts that would offset the assets be divided between the parties? Equitable implies that the distribution will always be 50/50. However, the outcome in litigation or in an alternative dispute scenario is not always 50/50.
The court uses a number of different factors to determine the fair and equitable division of assets and debts. Some of these factors include the length of the marriage, the causes for the dissolution, the age, health, station, occupation, amount, and sources of income, vocational skills, employability, a person’s estate, the debts, and the needs of each party going forward, as well as the opportunity of each for future acquisition of assets.