Property Division In Centennial
Providing Property Division Services In Douglas, Arapahoe, Jefferson, Adams, Denver, Boulder, El Paso Counties, & Surrounding Areas
Dividing the possessions you have accumulated during a marriage can be difficult, no matter the dollar amount involved. Our attorneys can help.
Colorado Courts use a doctrine of “equitable distribution” to divide property in a divorce. This means that the Court does not have to divide marital assets and debts 50/50 but can divide them based upon fairness and reasonableness. Courts will consider many different factors, chief among them being the economic circumstances of the parties.
In Colorado, Courts recognize a difference between marital and separate property. Marital property is assets and debts acquired by either spouse during the marriage. Separate property is generally property acquired by inheritance, gift, or prior to the marriage. Before proposing a property division plan, our experienced attorneys thoroughly research all of our clients’ and their spouse’s assets, including bank accounts, real estate, retirement, pensions, investment accounts, stock portfolios, income-producing properties, business interests, trusts, and inheritances. We carefully determine which assets and debts are part of the marital estate and evaluate the current and future economic value of each asset.
Many of our clients are business owners who fear they will be forced to share ownership, sell, or lose control of their company in a divorce. At Solutions Based Family Law, our attorneys assist business owners in safeguarding their businesses that they have often spent a good portion of their life building.
Factors the Court May Consider in Dividing Marital Property
- Whether a parent who has primary custody of the children should stay in a marital home
- The contribution of each spouse to the marital estate (whether through financial contributions or homemaking)
- Any increase or decrease to separate property
- Dissipation or depletion of the marital estate
- Property excluded by valid agreement of the parties