Denver Property Settlement Divorce Attorneys
A divorce property settlement will detail how the marital assets and/or debts will be split between divorcing spouses. While some spouses can agree on all matters related to dividing the marital property, this is often a hot-button issue in divorce, raising disputes over what is or is not marital property and who gets what.
At Uptown Law, LLC, our Denver lawyers are highly skilled at representing clients in all aspects of divorce, including property division disputes and settlements.
We are incredibly knowledgeable when it comes to identifying, inventorying, appraising and equitably distributing marital property. This makes us a powerful asset and ally in divorce cases, as we can help our clients obtain the best possible property distribution agreements and optimal outcomes.
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What Comprises the Marital Property?
Marital property will typically be any assets or debts a married couple as accumulated during the marriage (with some exceptions). Other property, like assets acquired before the marriage or after the couple has separated, will be considered separate property and, therefore, will not be part of the division of property in divorce.
Please note that the following are NOT considered to be marital property:
- Inherited assets
- Gifts from one spouse to the other
- Property specifically designated as separate property by a prenuptial agreement or a post-nuptial agreement
- Any property traded for assets that were considered separate property.
Issues surrounding separate versus marital property may become more complicated whenever, for example, separate property:
- Has been comingled with marital property, which could occur if (for instance) inherited funds were deposited into a joint bank account holding marital assets.
- Appreciates in value due to contributions from the spouse who doesn’t own it.
Regardless of the nature, value and complexity of the marital property, an attorney at Uptown Law, LLC can provide invaluable assistance, guidance and insights when it comes to the property distribution phase of divorce.
How Does Colorado Law Address the Division of Marital Property in Divorce?
Colorado follows ‘equitable distribution’ laws, meaning that the marital property will be equitably or fairly divided between the divorcing parties (rather than being equally divided between them, which would be the case in a community property state).
Equitable distribution of property will involve considerations of factors like (but not exclusive to) each spouse’s:
- Earning potential
- Contributions to the household (like staying home to raise children).
How Can a Divorce Attorney Help Me with Property Distribution Matters in Divorce?
The right lawyer can handle all of the complicated details and work required to:
- Determine the nature and value of the marital property
- Identify whenever hidden assets may be an issue
- Assure that the property is distributed fairly so can move on with your hard-earned assets and be well-equipped to start the next phase of your life.
Partner with a Denver Divorce Lawyer at Uptown Law, LLC for Optimal Outcomes: Contact Us
When it’s time to divide marital property in divorce – or address any issue of a divorce case, contact a trusted Denver divorce lawyer at Uptown Law, LLC. Our extraordinary legal team is ready to provide you with outstanding representation and personal service while working relentlessly to secure favorable resolutions.
Call (303) 861-0485 or Email Our Firm for a Free Case Review.
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At Uptown Law, LLC, we tailor our legal services to fit our clients’ situations, needs and budgets. Whether you need limited or full representation, you can rely on our Denver divorce attorneys for creative solutions, excellent advocacy and strategic representation at every point in your case.