Need Help With Property Division?
Property division is one of the five major issues that can arise in a divorce
case. Our Denver divorce attorneys at Plog & Stein, P.C. are skilled
in dealing with property matters arising in a divorce case. In Colorado,
courts will divide property "equitably." Thus, Colorado is an
"equitable division" state, as opposed to a "community
property" state. The key for all parties in a divorce case to remember
is that the judge has the power to allocate property as he or she sees
fit. Our attorneys are ready to analyze the property held by you and your
spouse to concretely determine what is marital and what is not.
Here is what you need to know about marital property:
- Marital property will generally be any property acquired during the marriage,
so long as it was not acquired by gift or inheritance.
- Property which is not "marital" is called separate property.
- Increases in value to separate property during the course of the marriage
can be considered "marital" property.
- Separate property which is subsequently jointly titled can also become marital.
We offer initial consultations
to our potential clients. Request yours online or over the phone at (303) 502-9422.
How Property is Divided in Colorado
As a general rule of thumb, most Denver area judges or courts will divide
marital property equally. However, in some instances a court will divide
property not necessarily equally, such as a 70/30 split. This may occur
in instances in which one party has a much higher income or ability to
replace property or as may relate to alimony. This might also occur in
instances in which one party is allocated more of the marital debt. Your
attorney can explain this further and can also discuss how, in some cases,
the amount of property retained by a party can also affect
Valuation of property in a divorce case is also highly important and something
our Plog & Stein, P.C. lawyers are well versed in handling in Colorado.
Some property items are easily valued, such as a 401K with a specific
Other marital assets require more complex valuations, such as the following examples:
- Homes may need to be valued via the services of an expert appraiser
Businesses may require a
business valuation expert
Pensions are often divided via what is called the "Time Rule Formula."
Knowing the value of each property item is important because property
is not automatically split in half. Rather, whether done by the court
or agreement of the parties, the key is to generally mix-and-match assets
such that each party ends up with a roughly equal share of the proverbial
From time to time, property issues can arise after the divorce is done,
such as in instances in which one party conceals property when making
his or her financial disclosures. It is important to keep in mind that
the court generally only retains jurisdiction for five years from when
the divorce decree enters to deal with undisclosed property.
Protect your interests! Our diligent Denver divorce lawyers are here to help.
An attorney should approach property division in a divorce case in a methodical
and learned manner. Our firm's goal is to make sure that the property
needs of each Denver area client are dealt with in such a manner. We recognize
that your assets are important, no matter how big or small. Our attorneys
are ready to assist you with protecting your separate property and making
sure that the property acquired during the marriage is appropriately valued
and fairly divided.
Please don't hesitate to give us a call
discuss the property aspects of your divorce