High Asset Divorce
The Waterbury and Woodbury family law attorneys at Grady & Riley, LLP, provide legal counsel for divorcing couples throughout Litchfield and New Haven counties. With more than 45 years of experience, we are well-known throughout the area as being effective representatives for clients needing advice in child custody, child support, alimony, and asset and property division matters.
Many of our clients are doctors, lawyers, business owners, real estate agents and other professionals with a large amount of assets. These high asset divorce cases require comprehensive financial planning, as well as effective negotiation skills that keep the divorce out of public attention.
At Grady & Riley, LLP, our attorneys have handled many complex divorces, To prepare for these cases, we assemble teams comprised of family law and tax attorneys, and other experts that help formulate strategies to protect our clients' interests. Using these strategies, we serve as legal advocates for our clients in negotiations and in court, if necessary.
Contact our offices, to speak with a lawyer about your high asset divorce.
Asset Valuation, Property Division and Spousal Support
In Connecticut, only property and assets acquired during the marriage are subject to division during a divorce. However, when the assets are in a business in one or more trusts, or in a considerable amount of real estate, the matter becomes highly complex. Methods of executive compensation, including stock options, expense accounts, sophisticated life insurance, tax implications and prenuptial and antenuptial agreements all need to be considered.
At Grady & Riley, LLP, we consult our CPAs and tax attorneys on matters involving asset valuation and property division. We then use this knowledge to facilitate acceptable settlements with the other party or submit necessary evidence at trial.
Spousal support, or alimony, is another concern in high asset divorce cases, especially if one party was the household's only income provider. We use our experience and resources to settle alimony agreements that are fair and reasonable.
If you are thinking about divorce or need an attorney to represent you in pending divorce, and you have a large number of assets, contact the Woodbury and Waterbury law offices of Grady & Riley, LLP. We will discuss your situation and choose the best course of action that fits your unique legal needs.
Property Division and Alimony
In Connecticut, each spouse is generally awarded the property they brought with them into the marriage, but decisions will still need to be made about property the spouses purchased together during the marriage. When the marriage has been long, or the family has considerable assets, the division of property can become a complex matter. Once again, our clients benefit from our years of experience in helping people reach an equitable decision.
Alimony and property division should be considered at the same time. It is not uncommon for couples to weigh an immediate gift of a larger share of the assets against longer-term or higher alimony payments. There are tax implications for this decision; ask your Waterbury or Woodbury divorce attorney at Grady & Riley, LLP, to explain how this may work in your case.
Child Support Child Custody and College Education
In Connecticut, child support is determined based upon the income of the parents, the needs of the child, and who has custody of the child. The state has established support guidelines, but your support order may be more or less, if you can prove need. If your income increases or decreases by 15% or more, you may be able to request a child support modification.
Connecticut is a leader in the creation of educational support awards. The courts may now consider extending child support so that a child can afford a college education.
Shared child custody is increasingly common. If you and your former partner want to pursue shared custody, it is extremely important to develop a custody agreement that spells out how that relationship will work in great detail. The clearer the contract, the fewer opportunities for difficulties developing over time.
If you are seeking sole or primary custody of your child in court, you need a strong advocate who can present a clear case for why that is in the child's best interest. With over three decades of courtroom experience, the attorneys of Grady & Riley, LLP, are prepared to handle your child custody case.
Contact our Connecticut divorce attorneys to discuss the issues surrounding your marriage dissolution.