For many parties marital property often extends beyond the family home and vehicles, encompassing debt and non-physical assets including investments and jointly owned businesses. Colorado law mandates that during divorce, property must be divided in an equitable manner. To determine an equitable division of property in divorce, it is essential to work with a qualified divorce lawyer who can advise you about all aspects of the estate, bank accounts, and trusts. Our attorneys have helped parties with complex financial situations come to an amicable solution regarding their assets. When parties cannot agree, We are able to grasp complicated asset management concepts and to effectively present them to the court. We have a large network of financial experts at her disposal who can assist with these complicated matters. To discuss your unique case with us, contact our Denver, Colorado law office today.
Some Examples of Asset Division
Property Division in Divorce
During divorce proceedings, parties must divide both physical property and non-physical assets. Our team can help you seek a solution that is beneficial for both parties.
Common Assets Divided
In a divorce, the most common assets distributed between parties include:
- Real property, including any and all homes or land owned
- Personal property, such as vehicles
- Shared or individual funds, such as bank accounts
- Retirement or investment accounts
- Business entities or interests
- Intellectual property
- Home furnishings, including small kitchen appliances and furniture
In regards to real and personal property, it does not matter whose name is on the title. If these items were legally acquired and jointly used during marriage, they are considered "marital property." However, assets that were acquired prior to marriage or those that were gifted specifically to one party are considered separate property. Separate property can include items such as inheritance or jewelry.
Division of Complicated Assets
Oftentimes, assets extend past real and personal property, which can make a divorce settlement more complicated. Some parties own a business together or have made multiple joint investments. Many share retirement accounts and have named their spouse as a beneficiary for pension plans and other policies. The Dadvocates have extensive knowledge of complex assets, including:
- Stocks, bonds, and trusts
- Division of a business
- Division of any future income earned on assets (such as interest on investments)
If you choose to work with our team at The Dadvocates, we can help devise a comprehensive distribution plan that is beneficial for both parties.
Why You Need a Property Settlement Lawyer
Our attorneys have worked with some of the most complex property division and divorce cases. For each individual case, they work diligently to help both parties achieve an amicable solution. As such, our clients can avoid lengthy and expensive court hearings that can prolong unpleasant divorce proceedings.
The Dadvocates legal team have helped parties with complex financial situations come to an amicable solution regarding their assets.
We Can Help You Reach an Amicable Solution
If you are facing a divorce and have a complicated financial situation, a qualified property settlement lawyer can help you divide your assets. At The Dadvocates, our team has an extensive network of financial professionals that will strive to equally and fairly distribute your assets. Contact our law firm online or call us at (720) 749-2876 to discuss your case.