Connecticut Property Division Factors
In Connecticut, the property and debt issues are typically settled between the parties by a signed Marital Settlement Agreement or the property award is actually order and decreed by the Superior Court within the Decree of Dissolution of Marriage.
Connecticut is referred to as an "equitable distribution" state. When the parties are unable to reach a settlement, the Superior Court will take the following approach to dividing the assets; First, it will go through a discovery process to classify which property and debt is to be considered marital. Next, it will assign a monetary value on the marital property and debt. Last, it will distribute the marital assets between the two parties in an equitable fashion. Equitable does not mean equal, but rather what is deemed by the Superior Court to be fair.
The following factors are considered by the court in determining the appropriate property distribution award: 1. length of the marriage, 2. the causes for the annulment, dissolution of the marriage or legal separation, 3. the age, 4. health, 5. occupation, 6. amount and sources of income, 7. vocational skills, 8. employability, 9. estate, 10. liabilities and needs of each of the parties and the opportunity of each for future acquisition of capital assets and income. The court shall also consider the contribution of each of the parties in the acquisition, preservation or appreciation in value of their respective estates. (Connecticut General Statutes - Title 46b - Chapter 81)
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