Determining Who Gets What; Property Division After Divorce
Planning for life after a divorce can feel overwhelming. You are forced to make decisions you have never thought about. When it comes to dividing your property after separating, you need experienced legal guidance. Beck, Jonson & Nolan, PC, has helped families move forward since 1979. Put your trust in a firm that is here to help you when it matters most.
While the goal is to settle things amicably, oftentimes that is not the case. Our attorneys can help you navigate this difficult process. There are many moving parts, and together we can assess your case and determine all of your possible options. We are determined to help you find a solution that everyone can be happy with.
Marital Vs. Separate Property
Colorado is an equitable distribution state. This means that a court will divide property equitably and fairly, rather than simply dividing property in half. In order to determine a fair and equitable division of property, the court will consider several factors, including the contribution of each spouse to the acquisition of the property.
A court must also determine what property is marital and what property is separate. Marital property is any property acquired during the marriage with certain exceptions, such as property acquired by gift or inheritance, which would be separate property. A court must also determine the value of all property, which can require an expert analysis such as an appraisal of your home or a valuation of a business.