Marital Property

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Marital Property Law in Colorado Springs

Navigating the division of marital property during a divorce can be emotionally challenging. However, reaching a settlement often marks the beginning of emotional healing and a smoother legal process.

Even in marriages without children, shared property and assets are common. Marital property encompasses assets acquired during the marriage, excluding certain gifts and inheritances. It also includes the appreciation of premarital property and assets contributed to the marriage during its course.

Determining how to divide assets like homes, cars, retirement accounts, and investments can be complex. While some couples attempt to handle these matters independently, seeking guidance from a knowledgeable marital property lawyer is often necessary.

A skilled marital property attorney simplifies even the most intricate marital estates, ensuring a comprehensive property settlement. This includes addressing business interests, home equity, investments, and other accumulated assets.

Factors to Consider in Divorce Property Settlements in Colorado

Colorado follows equitable distribution principles, which do not mandate a 50/50 split of marital property but rather seek fairness. Consulting experienced lawyers in Colorado Springs is crucial to understanding legal options and protecting one's interests.

Several factors influence property division:

  • Contributions to the Marriage: Each spouse's contributions, including homemaking, are considered.
  • Property Value: The value of assets, including investments and retirement accounts, is evaluated.
  • Economic Circumstances: Consideration is given to each spouse's financial situation, especially regarding the marital home.
  • Changes in Property Values: Fluctuations in the value of separate property during the marriage are accounted for.
Partnering with Marital Property Law Experts

At Marrison Family Law, we collaborate with professionals in Colorado Springs, including accountants and appraisers, to assess property values thoroughly. Our meticulous approach ensures a comprehensive property division agreement or trial presentation.

To explore your options and receive confidential guidance, contact Marrison Family Law at (719) 577-9292. Our team will address your property division concerns, offering clarity and support during this challenging time.

Divorce is a significant life transition, and ensuring a fair property division shouldn't add unnecessary stress. Before proceeding independently, reach out to us to understand your options and develop a plan that serves everyone involved.

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