Centennial Property Division
Whether you have a single family home or a complicated marital estate with various financial holdings, splitting up your assets during a divorce is rarely a pure and simple endeavor. Having a Centennial divorce attorney who specializes in protecting your assets may make the difference between a fair and reasonable splitting up of your marital estate and years of financial headaches and difficulties. The divorce lawyers at Plog & Stein, P.C. have over 70 years of combined experience fighting for our clients to obtain fair distributions of their marital property. This includes our divorce clients from Centennial. At Plog & Stein, our team has significant experience dealing with the valuation and division of marital property, including:
- Real Estate (residential and commercial)
- Retirement Accounts and Pensions
- Businesses and Business Interests
- Investment and Other Financial Accounts
- Personal Property and Household Items
- Premarital Agreements
- Complex Marital Estates
Secure stability in your financial future by working with family law practitioners who truly understand your needs and will work persistently to serve your interests.Dividing Your Marital Assets in a Centennial Divorce
Courts across Colorado use “equitable division” as the standard for marital asset division in a divorce and the City of Centennial is no exception. When you begin litigation for reallocating your assets during a divorce, judges look to C.R.S. 14-10-113 to decide how various properties will be distributed. Financial disclosure documentation, records for everything you and your spouse have ownership of or debt for, typically need to be submitted as soon as your initial conference date. This typically happens within 42 days of the first filing of your divorce papers. Cases may take months or longer to resolve, but these deadlines for financial disclosure can feel like they come up quickly for anyone going through the stress of a divorce. This is all the more reason to have a dedicated attorney well-versed in property division at your side to make sure you hit all these deadlines.
Aside from time frames for disclosure, it’s important to make sure that your disclosures are accurate and put together in an appropriate fashion, with strategy in mind. Likewise, and equally important, is making sure your spouse has also properly disclosed his or her assets. Equally important is making sure that separate property is protections and distinguished from the marital property to be divided.
Ideally, your divorce attorney will also understand the Centennial community where you live. The median price for a home in Centennial is currently at $315,100, and rising. Business values vary greatly across the board and things like the strength of the market or potential market can affect its estimated value. When property values are being debated, you may need to bring in experts to argue the value of your various assets. The right home appraiser or retirement plan expert can help your case tremendously. Some cases may even call for a forensic accountant to trace missing funds or ferret out undisclosed items. Finding the right experts is a matter of having an attorney who knows your area and where to turn when complexities arise.
When one party conceals or fails to disclose marital property, a case may be reopened for up to five years after the divorce decree is entered to deal with undisclosed assets. In recent years, judges have been more apt to undue property settlements when it’s discovered that one party hid assets. Recent appellate court decisions have also reiterated the importance of financial disclosure and the burdens that can flow from failing to give complete and correct information.A Full-Service Family Law Firm for Centennial Residents
The Centennial property division attorneys at Plog & Stein, P.C. will approach your case in a meticulous and determined manner. Our goal is to guard your assets and make sure you are dealt with fairly, no matter how big or small your property case may be. Your marital property is important to you and our clients are important to us. Call us at 303-781-0322 or contact us online to begin strategizing. The Plog & Stein Denver Tech Center office is conveniently located for Centennial residents a short drive away, just west of I-25, at the Orchard exit.