Dividing Marital Property
While a marriage is rooted in romance, a divorce is rooted in finance. The process is primarily aimed at dividing two people’s property and debt fairly and equitably. Though dividing property and debts is a necessary step in a divorce, it is seldom easy. There are many factors to consider when it comes time for asset division in divorce and achieving a good result is often more art than science.
The attorneys at Scardina Law fight tirelessly to ensure your finances are protected in a divorce. Though it is never an easy process, we are here to work creatively and collaboratively to achieve your goals efficiently and effectively. We never put staff or associates in the way of communication with your chosen attorney and always do what is right for our clients.
Equitable Division of Property
Colorado is an equitable property division state. What does that mean? When it comes to dividing marital property in a divorce, property is divided in a fair and equitable manner — but not necessarily 50-50. The court considers many factors in determining how assets and debts should be divided.
What Is Marital Property?
In Colorado, marital property is subject to equitable property division in a divorce.
Determining what is and what isn’t marital property can be a challenge. While some property is easily identified as either marital (a house purchased together during the marriage, for example) or separate (a vehicle owned by one spouse coming into the marriage, for example) — other property is not.
- What happens when one spouse owned a business before the marriage — but the business grew during the marriage?
- Is a retirement account considered marital property if it was started before the marriage?
- How are debts divided in a divorce?
- Will contribution as a homemaker be considered?
- What about my inheritance?
- Are gifts considered marital property?
Our attorneys can answer these and any other questions you may have about property division in your divorce. We have experience handling property division matters in high-asset divorce cases.
For Help With Property Division in Your Divorce, Contact Us
We invite you to call one of our attorney at 303-502-5540 or contact our office to schedule a consultation. We are happy to answer your questions about dividing marital property in your Colorado divorce and develop a legal strategy to achieve your specific goals.