Denver Divorce and Marital Property Division
One of the main areas of contention in a divorce can be the proper distribution of marital assets, and it’s no wonder this is such an important issue for many of our clients. Going through a divorce is stressful enough without adding in the worry about where you are going to live, how your retirement accounts will be affected, or even who gets the dog. The Denver divorce attorneys at Plog & Stein, P.C. are highly experienced at helping clients ensure their marital property is divided fairly under the law. With decades of experience fighting for the financial security of our clients, we understand what’s needed to protect your interests related to the division of your marital estate. Our goal is to make sure you are treated fairly and that your marital property is allocated in a way that safeguards your future. Let us put our over 70 years of combined legal experience to work for you.
Call us today at (303) 781-0322, or contact us online to schedule an appointment regarding your divorce. Offices conveniently located in DTC and Broomfield.Dividing Your Marital Property in Denver
Marital property division in Denver begins with discovering what should be considered martial property in the first place. Either or both spouses may have built assets before the marriage that may not be subject to division in a divorce. This is called separate property. For example, you may have received an inheritance before or even during your marriage. As long as it was never comingled with marital assets, it could be considered a separate property.
Because Colorado is an equitable division state, courts are charged with the duty to divide marital property in a fair manner, not necessarily in an even, 50/50 split. Therefore, the absolute best way to resolve a marital property dispute is to have the parties work together with the help of their attorneys to negotiate a marital settlement rather than taking the matter to court. This way, both parties have more control over how to characterize, value, and divide their assets. However, as in all aspects of divorce, if you are unable to reach a settlement, you will have to take the matter to court, with the judge ultimately making the decision.
If your case goes to trial, a monetary value will be applied to all assets and debts. Then, the court will examine factors like the nature of each property, each spouse’s economic circumstances, the value of any separate property owned by either spouse, and how each spouse contributed to the acquisition of the marital property to make a decision in your Denver divorce and marital property division case. For more complicated assets, like businesses or commercial real estate, experts may be needed to weigh on in aspects of the property so as to help both the parties and the court understand the nature and value of certain properties.
Whether your case is likely to settle or is headed to trial, we can help. Beyond ascertaining values, issues can arise regarding who gets what item of marital property or arriving at an actual division plan that makes sense. As with all other aspects of family law, detail matters. From start to finish, our attorneys are there for our clients, advocating to protect their rights related to the marital estate.Protect Your Assets in Your Denver Divorce – Call Plog & Stein
Both parties are responsible for providing full, accurate, and honest financial disclosures of all assets and debts in a divorce. If one party is not being fully transparent, they are held responsible for providing the misinformation which could result in sanctions or a re-opening of the case after it has been settled. However, you don’t want to be caught in a situation where you have to go back and fight for what’s yours. Start your case off on the right foot, the first time around, and hire an attorney who has the expertise to ensure you are receiving adequate disclosures from your spouse. Plog & Stein, P.C. is ready to meet all your legal needs as you go through your divorce. Call us at (303) 781-0322 or contact us online.