Businesses are assets that must be assessed during a Colorado divorce. Whether a business is a marital or separate asset depends on a few factors. If a spouse established the business before marriage or inherited it prior to the marriage, and the business has not grown in value, the company will be considered separate…
If you are considering divorce, you likely have questions about how your assets will be divided. The first thing to know is that Colorado follows the principles of equitable distribution in divorce. Assets acquired during the marriage are considered marital property. However, they won’t necessarily be split equally between the parties. Instead, they are…
Business assets, like other marital assets, are subject to division or some other form of consideration in a Colorado divorce. It does not matter if those business interests are held solely by one spouse, by both spouses or by one party and other business associates. How business assets are treated varies on a case-by-case…
Retirement accounts are typically counted as a marital asset in Colorado making them divisible in a divorce. However, when working with a skilled property division attorney in Denver, the method used to divide retirement accounts will depend upon their type and source of funding. There are measures you can take to protect your retirement…
The division of marital property in a divorce can greatly impact a couple’s children together as well as children either spouse might have from previous marriages. Many of the assets that one of the spouses intended to preserve and pass down to children could be sold, divided, or awarded to the other spouse. Divorcing…
The division of marital assets can be one of the most contentious issues in any divorce. You can eliminate much of the stress and conflict associated with marital property division by protecting your assets in preparation for your divorce. The following outlines protecting your assets should a divorce be inevitable. For specific case information,…
Marital property is subject to division upon divorce. This legal reality tempts some spouses to understate their assets and income, or even hide ownership of certain items altogether. If you are facing divorce and have concerns that your spouse may be holding financial secrets, here are a few red flags to watch out for….
A divorce is usually a stressful experience, both financially and emotionally. In Denver, CO, the situation can get even more complicated if you run into issues with property division. In order to make matters more manageable, it is vital to understand the difference between separate and marital property. What is separate property? Some but…
During a divorce, a common fear that people have is losing or splitting their inheritance with their soon-to-be ex. In a contentious separation, disagreements may arise concerning a family’s generational wealth or precious heirlooms. Thankfully, Colorado law does provide some protection for inheritances. The bad news is that the protection is not as complete…
One of the most notoriously challenging parts of a divorce involves the separation of items, often called assets or properties. When it is time to part ways, every couple has to figure out how to divide their accumulated stuff, which can include everything from the home and the automobiles to vintage collectibles and retirement…