Boulder Property Division Lawyer
The divorce process comes with numerous legal requirements on top of the emotional turmoil you experience. That includes dividing the property you and your spouse maintained during your marriage.
At Danielsen Westhoff, PC, our Boulder divorce attorneys bring years of experience and incredible compassion to your case. Let our Boulder property division lawyer provide you with insight into your rights throughout this process. Contact us today to schedule a free 15-minute consutlation.
How Our Boulder Property Division Attorneys Can Help
With over 30 years of experience, our attorneys will provide you with clarity on every aspect of this process. That includes navigating the financial implications of these decisions. When there are so many emotional components to this lifestyle change, having an experienced property division attorney to help you make financially smart decisions can provide peace of mind for your future.
How Property Division Occurs in Boulder
Colorado law expects marital property division to be equitable, which is vastly different from equal. That is, under Colorado law, property division is done in a way that provides both parties with their fair share, allowing them to move forward with life on equal or otherwise fair footing. We will help you with:
- Determining what property is marital, including any property purchased after the marriage
- Determining the value of all property, including assets, retirement benefits, pensions, investments, and other assets, owned jointly or considered marital in nature
- Obtain necessary appraisals to value such assets
- Calculate equitable division of those assets
We will work with your spouse’s attorney to create a fair plan. Our goal is to balance property division based on the facts of your case, while protecting your rights in the future.
Factors That Determine What Is Equitable
A 50/50 split is not always equitable. To determine the fairest way to divide property, your Boulder property division lawyer will consider factors such as the following:
- Each spouse’s current economic condition and the ability to work
- The length of the marriage
- Contributions both parties brought into the marriage
- Earning capacity for each party
- Whether each party can become financially independent
- The value of separate property owned by either spouse
- The value of all property assigned
This process often involves decisions over critical assets, like your own. If one party hopes to keep the home and the other does not want to own it, compensation for partial ownership must be awarded. In situations where decisions cannot be made like this, the court may force the sale of the home, dividing the resulting assets.
Do Not Overlook Separate Property in Divorce
Some property is separate, meaning it is not marital property. This includes assets that only one party owns, such as inheritances or gifts. If you brought valuable assets into the marriage and kept them separate, they may not be divided during the divorce proceedings.
Do Not Overlook Debt
Our Boulder property division attorney can also help you consider the cost of debt and who will pay it. Factors such as the length of the marriage, the amount of spousal support awarded, and the financial circumstances of each person determine how the court will split debt incurred during the marriage.
Contact Our Boulder Property Division Attorneys Today
Let the team at Danielsen Westhoff, PC, provide you with clarity on your rights. Our Boulder property division attorney is the asset you need in these challenging cases. Call our office today at (720) 739-1770 to schedule an appointment with an experienced family law attorney in Boulder, Colorado.