Understanding Colorado Divorce Laws
We Can Help You Get Your Fair Share of the Marital Property.
One of the more complicated aspects of divorce can be dividing up the marital property. The first step is figuring out exactly what property you own together and what you may own separately.
Marital property is all property acquired during the marriage. Non-marital property is defined as:
a) property acquired by gift, bequest, devise or descent;
b) property acquired in exchange for property acquired prior to the marriage or in exchange for property acquired by gift, bequest, devise or descent;
c) property acquired by a spouse after a decree of legal separation; and
d) property excluded by a valid agreement of the parties.
The second step is determining an accurate value for the property. Many asset values can be determined by appraisals or statement of accounts. Businesses or stock options or intellectual property are more complicated to value and we team up with professional CPA’s and business valuators to get the most accurate figures.
The third step is to divide the property. Colorado is an “equitable distribution” state, which means that property will be divided fairly.Â Fair does not always mean equal. We will assist you in getting a thorough accounting of all of your property and advocate for your fair share.
I have 20 years of legal experience providing favorable resolutions to my clients’ complex cases. For more information regarding how my office can help you, contact my firm and schedule a consultation today.