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How Are Property and Assets Divided During a Colorado Divorce?

If you’re getting divorced, you are probably nervous about how your assets are going to be divided. Will you lose everything in the divorce? What can you do to make sure that doesn’t happen?

Property and asset division in a Colorado divorce can be complicated. Here is some general information as well as why you should consider hiring a divorce lawyer for help.

How Colorado Divides Marital Assets

Colorado is an equitable distribution state, meaning that the Court will look at what’s fair when dividing up assets. Many factors will go into dividing assets, including which spouse worked (one or both), which one ran the home and took care of the children, if there are any, each spouse’s financial needs as well as earning capacity, and each spouse’s age and health condition.

Ensuring a Favorable Outcome

If you and your spouse have an amicable relationship, you may be able to resolve asset division without an attorney and settle asset distribution in mediation. This is the best-case scenario. However, if disputes arise or you and your spouse are unable to reach an agreement, hiring a divorce lawyer will keep you protected and help you get what you need out of the divorce. You can strategize with your lawyer to figure out how you’ll earn a living and keep up with your bills post-divorce, which is incredibly necessary at this time.

Get in Touch With the Law Offices of Clifton Black

Do you need help with divorce in Colorado? Make sure you contact the Law Offices of Clifton Black for immediate help. We will work hard on your case in your time of need. Call us now at (719) 328-1616 or get in touch on our website. We look forward to helping you.

Law Offices of Clifton Black, PC