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Is a Lump Sum Payment in a Divorce Settlement Taxable?
Lump sum payments in a divorce settlement are somewhat common, whether made to satisfy an award of alimony or when dividing certain types of property. Generally, lump sum transfers between former spouses made pursuant to a divorce decree are not taxable. However,...
What Counts as Marital Property?
A key issue in every divorce is determining how to divide marital property. Connecticut has a broad definition of what counts as marital property that encompasses just about everything a couple owns together or separately. That property is subject to equitable...
The Implications of a High Net Worth Divorce
When high net worth couples divorce, they are subject to the same laws that apply to any other couple. However, the nature of their income and assets can add complexity to the case. Diverse compensation structures and difficult-to-value assets require special...
When Can a Court Impute Income in a Divorce?
When a Court determines alimony and/or child support in a divorce proceeding, it considers both parties’ income and other factors. If a party has consistent income before and after the divorce, determining alimony and/or child support is fairly straightforward. A...
Can I Empty My Bank Account Before a Divorce?
In some marriages, there may be a good reason for a spouse to worry about losing access to money during a divorce because the other side has or will take control of the couple's shared finances. If you are anticipating divorce and have such concerns, you may be...
Why Family Businesses Should Consider Instituting a Prenuptial Agreement Policy
Family businesses can pose unique challenges in divorce, especially where multiple generations or branches of the family are involved. A spouse's interest in a business is considered a marital asset subject to equitable distribution and a source of income used to...
What Happens If Your Spouse Empties a Joint Account During Your Divorce?
If you are considering divorce or in the process, you may be worried that your spouse could empty your joint account during the divorce. The reality is that your spouse cannot deplete your account, and if he or she does so, you have recourse in Court. This situation...
Frequently Asked Questions About Child Custody in Divorce
Child custody is often the top concern of parents getting a divorce. Many parents fear losing custody, visitation, and/or control over decisions involving their children. While every child custody case is different, the same basic rules apply. If you are considering...
Electronic Snooping During a Connecticut Divorce
In this day and age, the majority of our information is stored within our electronic devices. During a divorce, you may be tempted to snoop through your soon-to-be ex-spouse's personal devices to gain valuable insight that can benefit your case. However, doing...
Divorce Attorneys as Advocates and Counselors
Choosing the right attorney is an important first step in your divorce. You want someone with the requisite skills and experience, but also an individual you can feel comfortable working with and trusting with significant legal, financial, and emotional issues. As a...
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