Want Help With Colorado Divorce Property Division Laws?
When it comes to discussing the intricate details of Colorado divorce property division laws, money is the hardest thing for many divorcing couples to talk about.
Why? Because money is also the hardest thing for many married couples to talk about so it's usually the topic of great consideration and if you're considering divorce, you need to ask yourself some tough questions like the ones below:
Do you know what "marital property" is?
Do you know what "equitable division" means?
Do you know what you need to protect?
Do you know what you can afford to lose?
If you are facing divorce and have questions or concerns about the division of your marital estate, talk to a knowledgeable lawyer — someone you can trust to provide you with the information on Colorado divorce property division laws and provide you the guidance you need to protect your interests and plan wisely for your future needs.
Colorado is not a "community property" state. It is a "marital property" state. Marital property includes every asset that comes into the marriage and is commingled. For example, if you inherited money and used it to buy a house, vacation home or other property, and both you and your spouse are listed as joint owners on the title, it is marital property. If, instead, you used the inherited money to buy a share of stock in your name, the basis value of the stock is yours but the increase is marital.
Did you or your spouse own the house before you got married? The value of the equity increase is marital. Pensions, individual retirement account (IRA) and 401(k) retirement plans are also considered marital property. All debts incurred during marriage are also considered marital.
Is Your Spouse Hiding Assets? Did your spouse start spending down assets in anticipation of a divorce? Or do you suspect he or she is hiding assets? I can obtain bank records to search for hidden assets. I can also talk to the court about factoring depleted assets into the calculation when determining the final property settlement agreement. In the case of highly complex property division, I work with private investigators and tax attorneys to substantiate my clients' claims.
Don't lose sleep over your financial future! Make a plan. Start by calling me about Colorado divorce property division.
You may be going through divorce for the first-time, but I have gone through divorce countless times over the past 20+ years — with my clients. Let me put my knowledge and experience to work for you.