Trial Court Declines to Award Alimony in High Asset Divorce Action

Superior Court of Connecticut: Divorce Action

In a divorce action in association with an alimony dispute, the Superior Court of Connecticut, Judicial District of Fairfield at Bridgeport considered the distribution of assets and property in a high-income marital dissolution matter.

In this case, the plaintiff wife and defendant husband were married for thirty-two years when the wife filed for divorce. Independent of each other, the parties both had significant assets. The wife held an interest in several income-producing properties located in New York, valued at $6 million, as well as an additional $4.8 million from net furnishings, jewelry, antiques, and other assets, including nine diamonds valued at $96,000 retail. The husband was a successful stock broker and investment banker, and his investments valued at over $11 million. The husband and wife signed a stipulation agreement with respect to personal property distribution (excluding cash) located at the couple’s three residences located in Fairfield, Florida, and Vermont.

Court’s Decision

The court approved and incorporated the stipulation agreement, and ordered that each party retain their respective assets and ownership interests in their businesses. The wife was awarded the Fairfield and Florida properties, while the husband received the one located in Vermont. Both parties were responsible for their own attorney’s fees, and neither would receive alimony from the other party.

Written by Lindsay E. Raber, Esq.

Whether advancing or defending an action involving awards of alimony, assignment of property, and child support, a divorced individual is best served by consulting with an experienced family law practitioner. Should you have questions regarding matrimonial matters, please do not hesitate to contact Attorney Joseph C. Maya in the firm’s Westport office in Fairfield County at 203-221-3100 or at JMaya@Mayalaw.com.