Retirement Accounts And Marital Property Division In Shelton CT

Marital property does not just include real property,like the family home, or personal property, like jewelry, clothing, cd’s, artwork, and other household goods.  Many assets that were acquired over the span of the marriage have the potential to be considered part of the martial estate, ie. what many refer to as marital property.  Included are retirement earnings such as a 401K earned through a job or capital gains on retirement accounts.  Property division in Shelton Connecticut, therefore, includes the process of vetting those retirement accounts and potentially dividing up the retirement earnings.

Often times, one spouse may be in a better financial position because of their career track and potential.  Therefore the retirement income that they earned during the marriage, whether or not through employer contribution, can be higher than the other spouse.  Family law and equity in Connecticut recognize that dividing up the marital estate in a blind 50%/50% split is not always what’s fair and equitable under the circumstances of that family’s marital history (e.g. a stay at home wife, mother, and homemaker may not have had an opportunity to acquire retirement funds like her investment banker husband),so division of retirement accounts at trial may end up being split in a way that the higher retirement account holder did not expect, in an effort to balance out any inequities.

Related Posts
  • Carmina (Tessitore) Hirsch Named A 2017 American Institute Of Family Law Attorneys “10 Best In Connecticut For Client Satisfaction” Read More
  • The Input Of A Divorce Lawyer In Shelton CT In Mediation Read More
  • Divorce Lawyer in Shelton CT Explores Winter Parenting Plan Options Read More

Contact Us Today to Get Started

Our Experienced Team Cares About Every Client
  • We Work As a Team
    At Hirsch Legal, you're a priority to our entire team, and you can expect regular personal interaction at every step.
  • Award-Winning Firm
    Our commitment to excellence has been recognized and lauded by many organizations in the legal community.
  • Unique Client Experience
    Every client gets an individualized experience with our dedicated team; it's never one-size-fits-all.
  • Experienced in Litigation & Mediation
    When it comes to representing you, our trial-tested team is ready for anything - from mediation to the courtroom.
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.