Legal Question in Family Law in Connecticut
I own my our buisness,my wife and are getting divorced. She is not a partner in the business. Would she be given 50% of it's value? We live in CT
Asked on 10/05/11, 2:28 pm
1 Answer from Attorneys
John Heffernan
Heffernan Legal Group, LLP
In CT, everything is a marital asset and thus divisible in a divorce. Usually, things you brought to the marriage, or things inherited or gifted to you during the marriage, stay yours. So, in your case, if you had the business before the marriage then the value of the business at the time of the marriage would stay yours, but the appreciation in value during the marriage would most likely be divided. Of course, she wouldn't necessarily get (or probably want) "half the business". You could swap the value of half the business against, say, equity in the house or a 401K or some other asset.
Answered on 10/06/11, 6:36 am