Family and matrimonial matters, though they cover similar processes, are oftentimes as unique and specific as the individuals that bring them forward. There is no “one-size-fits-all” theory in terms of representation, and there are bound to be new challenges that arise that are specific and unique to your matter. When it comes to your legal separation or divorce, these factors and more must be considered when looking at your best possible outcome. In today’s blog, your Greenwich, CT attorneys discuss important considerations you should make when it comes to asset division, as well as what will occur during the process.
Real Property, Personal Property, and Intellectual Property
Property is a term that often accompanies divorce among individuals, but it does not necessarily have to imply that a divorce is underway. Whether you are legally separating from a spouse or simply ensuring that what you own is yours and only yours, you will have to have an understanding of the different types of property and what they mean for you.
Indeed, the courts define personal property in Connecticut as property that is tangible but not true or real property. Real property, on the other hand, can be used for personal use or business use. In other words, real property cannot be moved and is attached to land, whereas personal property is anything that you can move and is subject to ownership.
In a different direction, intellectual property includes ideas, inventions, or work that result from the ideas of an individual. In matters such as these, a person must apply for a patent, copyright, trademark, etc. to establish rights. To learn more about these definitions, give our team a call today.
In the Event of a Passing
Separate from divorce, another time you might come across asset division includes in the event of a loved one’s passing. Departure from our earthy plane is a sensitive subject, but it is important to establish rights and wishes for property and asset division so as to make the process as simple as possible.
Our team can assist in making sure you receive what you are owed in the event a loved one passes, and knowing your rights is essential to the process. Contact our team to learn more about this process today.
Dividing Debts and Owes
In addition to real, personal, and intellectual property, part of the legal separation process involves discerning who acquires which debts. This is the not-so-fun side of the process, and appropriate representation is essential to make sure you are not being taken advantage of.
Learn More Today
Contact The Law Offices of Charles & Concilio, LLC in Greenwich, CT by calling 203-861-6800 to learn more about the considerations you should make when it comes to property and asset division, and schedule your initial consultation with one of our offices today.
