List Of Colorado Divorce Law Property Division References. Basically, the starting point in a divorce is that property that you or your spouse acquired during a marriage is marital. Unlike some states that divide marital property 50/50 during divorce, colorado has “equitable distribution” between divorcing couples.
In the event of a divorce or legal separation, the courts must divide marital property equitably. Hannah clark, associate before her arrival at colorado legal group, hannah clerked for the prestigious denver district court, administering the judicial process and conducting legal research for district. In colorado, the standard for distribution is equitable division, which does not mean property will always be divided exactly equally in a divorce.
Table of Contents
Instead Of Dividing Property 50/50 In A Divorce Case, The Colorado Courts Will Divide Marital Property, Assets And Debts In A Way That Is Equitable, Or Fair, Based On The Factors Of The Unique Case.
The court will consider whether the property is marital or nonmarital. This applies only to marital property, which includes anything acquired during the marriage, as opposed to premarital property each party possessed previously as a single person. The asset division must be fair (“just”, per c.r.s.
Ciancio, One Of Colorado’s Leading Family Law Attorneys, To Meet The Needs Of Our Clients.
Colorado law requires that division of property in divorce be “equitable and fair,” which means that it doesn’t necessarily have to be a 50/50 split. At ciancio ciancio brown, p.c., we possess the skills and resources to successfully resolve property issues in the context of divorce. Under colorado law, though equal division is the norm, divorce courts are required to divided marital property as they deem “equitable” or fair.
In The Event Of A Divorce Or Legal Separation, The Courts Must Divide Marital Property Equitably.
By contrast, community property states hold that all property accrued during a marriage is subject to a 50/50 distribution. Rather than have all marital property separated exactly in half like the community property model, the judge presiding over the case will divide marital property according to what he or she deems fair. (a) the contribution of each spouse to the acquisition of the marital property, including the contribution of a spouse as homemaker;
Unlike Some States That Divide Marital Property 50/50 During Divorce, Colorado Has “Equitable Distribution” Between Divorcing Couples.
Dividing property in a divorce undergoes an emotional process, that is why colorado legal group lawyers are here to settle things as soon as possible. Property distribution laws in colorado. Notions of what is fair are subjective and each judge is different.
Unlike The Divorce Process In Community Property States, Colorado’s Equitable Distribution Laws Seek To Divide Property So As To Be Fair To Both Parties — But Not Necessarily Equal.
The economic circumstances of each spouse at the time the division of property is to. Equitable distribution of property in a colorado divorce. Colorado is an equitable distribution state.