Next to the marital home, retirement accounts are among the most considerable marital assets. This includes public and private pensions. Colorado is an equitable division state. Therefore, pensions and other marital property are equitably divided between spouses upon divorce. An equitable division is based on fairness, not equality. The following article outlines how a Colorado…
In Colorado, the court divides marital property “equitably” between divorcing spouses. An equitable division of marital property is as close to fair as possible, but it is not necessarily equal. Colorado’s equitable division laws apply to both marital assets and debts. Spouses are encouraged to reach a mutually acceptable property agreement for the court’s approval…
What is a Prenup? A prenup or prenuptial agreement is a legal contract signed by future spouses before marriage created by the Uniform Premarital and Marital Agreements Act in 1983. Colorado adopted this act in 2014 under Colorado Stat. §14-2-301. A prenup defines property rights and financial obligations between future spouses. It designates the division of…
A high asset divorce case typically involves significant wealth from a variety of sources. High asset divorces may include any of the following: Retirement accounts; Real estate holdings; Business ownership; Offshore assets; Stock portfolios; Personal bank accounts; Trusts; Art collections; and Family wealth. Dividing property, liabilities, and income in a high asset divorce case can…
Married people generally do not plan for a divorce. Everyone hopes their marriage will last a lifetime, but if yours does not, you must prepare to divide your lives. Throughout the marriage, you and your spouse collect property and assets. If you amass a personal collection of valuables, you may not know how to handle…
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