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Even if a divorcing couple has no children, they will very likely
have marital property. Marital property is property that the couple has
acquired during the marriage, except for gifts and inheritances.
Marital assets can include houses, cars, boats, military pensions,
401(k) plans, stocks, bonds, stock options, bank accounts, business
interests, plus any equity and interest built up over the duration of
the marriage, including common law marriage.
Drafting a Colorado divorce settlement can be confusing, especially if the
estate is large. Without the help of a divorce attorney, it’s easy to
leave things out. We can help you account for and determine an
equitable way to divide your property. Contact a marital property lawyer/attorney at the Marrison Law Firm for an initial consultation.
Marital Property – Factors to Consider in Colorado
Colorado is not a community property state. The property division
does not have to be 50/50, it just has to be “equitable” or fair.
Often, that indicates a 50/50 property split, but it doesn’t have to.
Factors that the court considers include
- Contribution of each spouse to the property, specifically as homemaker
- Value of property set aside for each spouse
- Circumstances of spouse with regard to property, especially with
regard to the home. The court will not make a spouse move immediately
if he or she lacks the means.
- Increase and decrease of value of each separate part of the estate
In addition to our own knowledge and skill, there are number of
local Colorado Springs professionals we can employ to help you. We use accountants, personal
property appraisers, and financial strategists in determining what a
property is worth. We also have an eye for detail that enables us to
thoroughly account for everything that you and your spouse own
together. When it comes to property division, the decree can stand on
its own, and you won’t have to return to the court to modify it.
Get a Good Colorado Springs Marital Property Laywer/Attorney
If your divorce will occur in the Colorado Springs area, call to speak directly to a marital property lawyer/attorney at 719-577-9292 and we will answer your marital property questions and help you
determine your next steps. There's no obligation and your consultation
with our marital property lawyers/attorneys will be confidential, so there's no risk. Divorce and dealing with marital property is a big step that can take months to achieve.
Before embarking on this endeavor, please call us as we can outline
all your options and help you come up with a marital property plan that works for everyone.
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