Assets and debts of a couple are divided pursuant to Connecticut General Statute Section 46b-81 in a divorce, legal separation or annulment.
Connecticut’s model for asset division is “equitable distribution”. Thus we are not an equal division state or a community property state; all of the assets of each party is reviewed and the asset division is based on “equitable” or fair factors.
There are twelve statutory factors that are considered when dividing assets including: the cause of the breakdown of the marriage, your age, health, occupation, vocational skills, employability, length of marriage, amount and sources of income, station (standard of living), estate, liabilities, needs, opportunity to acquire future assets and income, and what each person contributed to the acquisition, preservation or maintenance of the value of their estates.