Category: Property Division

When you receive an inheritance during your marriage, those funds or other assets are considered separate property under Colorado law. That means if you were to file for divorce, those funds would not be split as a component of your divorce, even if you received them during your marriage. It is critical to understand this…

Legal separation and divorce have similar characteristics. However, the two are fundamentally different legal actions. If you are considering either of these marital actions in Colorado, you need a firm understanding of each before deciding. The following briefly describes legal separation and divorce, along with their key points. By no means is this article a…

Parents choose to relocate for several reasons. A parent may move for a better job opportunity, to be closer to their family, or to join a new spouse. Regardless of why a parent may relocate, they must do so within the bounds of Colorado’s relocation laws. These laws vary depending upon the moving parent and…

What is a Prenuptial Agreement? A prenuptial agreement or marital agreement is a contract signed by a couple before marriage. Its purpose is to designate spousal property rights and determine how property and spousal maintenance will be handled in the event of a divorce. Who Can Benefit from a Prenuptial Agreement? Many believe prenuptial agreements…

Property division can take a long time to negotiate during a Colorado divorce. The longer spouses have stayed married, the more assets they likely own jointly and have to account for as they separate their lives. Spouses want to ensure they receive their fair share of the marital estate so that they can begin rebuilding…

Most people who get divorced decide to sell their house. If they own the home together, this is the easiest option. For one thing, this gets them both off of the joint mortgage that they signed together. For another, it means that they earn money in the sale of the home and so they can…

The division of marital wealth is a significant part of many a divorce. However, not everyone understands how things work, more so when it comes to apportioning debt. Yet, the financial obligations you will have to shoulder when the divorce is crucial in planning for the future. Here is what you need to know about…

No one enters into a marriage expecting it to end in divorce, but unfortunately, it does happen far too often. When going through a divorce, one of the most important things to consider is how you will divide the marital assets. You could receive far less than you deserve if you are not careful. How…

People who are going through a divorce have a lot to think about. While you might be focused on making sure the assets are divided properly, there’s one more thing to consider: Your marital debts. Marital debts are often a challenge to deal with because property division is a civil matter. This means that creditors…

In Colorado, as in many other states, the law requires the fair, just or equitable division of marital property when a couple divorces. In theory, whatever you buy or earn during your marriage belongs both to you and your spouse. If you don’t have a marital agreement and can’t reach your own property settlement, then…