If you are considering divorce, you likely have questions about how your assets will be divided. The first thing to know is that Colorado follows the principles of equitable distribution in divorce. Assets acquired during the marriage are considered marital property. However, they won’t necessarily be split equally between the parties. Instead, they are…
Dividing assets in a divorce can be complicated, and it’s natural to feel overwhelmed. How to split assets in a divorce is one of the biggest concerns for those going through the process. In Colorado, property division follows legal guidelines, but every situation is different. The process involves assessing financial records, determining property values,…
Under Section 14-10-113, C.R.S., Colorado courts have the authority to distribute property in dissolution of marriage, legal separation, and certain post-dissolution proceedings, including cases where a prior court lacked jurisdiction over an absent spouse. Additionally, Section 14-10-111, C.R.S., extends property rights provisions to decrees of invalidity of marriage. If jurisdictional requirements are met, Colorado…
Businesses are assets that must be assessed during a Colorado divorce. Whether a business is a marital or separate asset depends on a few factors. If a spouse established the business before marriage or inherited it prior to the marriage, and the business has not grown in value, the company will be considered separate…
Business assets, like other marital assets, are subject to division or some other form of consideration in a Colorado divorce. It does not matter if those business interests are held solely by one spouse, by both spouses or by one party and other business associates. How business assets are treated varies on a case-by-case…
Retirement accounts are typically counted as a marital asset in Colorado making them divisible in a divorce. However, when working with a skilled property division attorney in Denver, the method used to divide retirement accounts will depend upon their type and source of funding. There are measures you can take to protect your retirement…
The division of marital property in a divorce can greatly impact a couple’s children together as well as children either spouse might have from previous marriages. Many of the assets that one of the spouses intended to preserve and pass down to children could be sold, divided, or awarded to the other spouse. Divorcing…
The division of marital assets can be one of the most contentious issues in any divorce. You can eliminate much of the stress and conflict associated with marital property division by protecting your assets in preparation for your divorce. The following outlines protecting your assets should a divorce be inevitable. For specific case information,…
Marital property is subject to division upon divorce. This legal reality tempts some spouses to understate their assets and income, or even hide ownership of certain items altogether. If you are facing divorce and have concerns that your spouse may be holding financial secrets, here are a few red flags to watch out for….
A divorce is usually a stressful experience, both financially and emotionally. In Denver, CO, the situation can get even more complicated if you run into issues with property division. In order to make matters more manageable, it is vital to understand the difference between separate and marital property. What is separate property? Some but…
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner Kathleen Ann Hogan, who has more than 20 years of legal experience as a Family Law Attorney in Colorado.
Call Us (719) 431-6677
