Property division is often one of the most contentious aspects of a divorce. When it comes to property division in a divorce, Colorado family law courts abide by a principle of “equitable distribution.” In other words, marital property will be divided equitably or fairly. It’s important to note, however, that equitable property distribution doesn’t necessarily mean equal division.
Figuring out what is “fair” in asset division can be complex. For spouses who are dividing property, it’s imperative to retain an experienced Colorado Springs family law attorney that can skillfully represent you in all issues relating to divorce. To obtain a family law firm that can advocate aggressively on your behalf, contact Law Offices of Clifton Black, PC.
Colorado Springs Property Division Lawyer, CO
Divorce proceedings can become very stressful, especially when it comes to dividing property. This is why it’s important to seek the legal guidance of a competent family law attorney that can review your financial situation and discuss your options with you. Thankfully, Law Offices of Clifton Black, PC has represented many people in Colorado with high-asset or complex property division issues. We can do the same for you.
To schedule your first consultation with Law Offices of Clifton Black, PC today, call (719) 328-1616 today. We have offices in Colorado Springs and Denver but serve clients throughout the state of Colorado. Our goal is to make sure you achieve a fair division of the marital property, without any or minimal stress.
- Division Property in Colorado
- Marital Property Vs. Separate Property in Colorado
- Additional Resources
Division Property in Colorado
As stated previously, Colorado is an “equitable” division state, meaning that the court divides marital property in a manner that it deems “fair.” This does not necessarily mean equal. Colorado judges weigh the following factors when diving marital property in a fair and equitable manner:
- The contribution of each spouse to the acquisition of the marital property, including the contribution of a spouse as a homemaker
- The economic circumstances of each spouse
- The value of the property set apart for each spouse
- Any increases or decreases in the value of the separate property of the spouse during the marriage or the depletion of the separate property for marital purposes.
Marital Property Vs. Separate Property in Colorado
According to Colorado law, there are two main types of property: marital and separate. Marital property is acquired by either spouse during the marriage. Separate property, or nonmarital property, is the property that a spouse owned before the marriage.
Under Colorado Revised Statutes C.R.S. § 14–10–113, separate property includes:
- Property acquired by gift, bequest, devise, or descent;
- Property acquired in exchange for property acquired before the marriage or in exchange for property acquired by gift, bequest, devise, or descent;
- Property acquired by a spouse after a decree of legal separation; and
- Property excluded by valid agreement of the parties.
Property division in Colorado can become complicated and often requires the legal guidance of an experienced family law attorney. In a difficult case like this, it’s best to contact Law Offices of Clifton Black, PC to retain legal representation and discuss your legal options.
Colorado Judicial Branch: Divorce – Access the official website for the Colorado Judicial Branch to view family law forms and answers to common divorce questions. You can also view divorce filing fees and additional resources.
Colorado Revised Statutes: Property Division – Click the link to access Colorado Revised Statutes 14-10-113 which constitutes disposition of property. You can see what Colorado law categorizes as marital and separate property.
Colorado Springs Property Division Attorney, CO
If you are filing for divorce and would like to protect your future and assets, get in touch with our Colorado property division lawyers at Law Offices of Clifton Black, PC as soon as possible. At Law Offices of Clifton Black, PC, we understand divorce can be emotionally draining. Our family law attorneys can listen to the details of your situation and determine which legal strategies can help you secure the most favorable results.
Do not face this alone. Call (719) 328-1616 to schedule your first consultation with Law Offices of Clifton Black, PC. We serve clients in Denver, CO, and nearby cities including Wheat Ridge, Arvada, Lakewood, Englewood, Commerce City, Welby, Aurora, Westminster, Littleton, Thornton, Northglenn, and Greenwood Village.