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Property & Debt Division
Property Division Attorney in Fort Collins
Ensure the Fair Division of Your Marital Property & Debts
In the course of your marriage, you and your spouse have undoubtedly amassed some combination of real property, debts, and assets. As you navigate your divorce, you will have to work out a plan to divide that property between the two of you. This process can be contentious and overwhelming, so it is in your best interest to retain your own Fort Collins property division attorney to represent you.
With over 15 years of experience practicing family law, I know what it takes to effectively resolve a property division dispute and help divorcing spouses divide their debts and assets as amicably as possible. I strive to help my clients resolve property division matters outside of the courtroom, through mediation or negotiation. If necessary, however, I am ready to fight for you in court.
The first step of the property division process is to organize all property into one of two categories: marital or separate. Marital property is any property that the spouses are both entitled to and includes anything that was obtained during the marriage – other than individual inheritances or gifts. Separate property is anything that only one spouse can claim, generally anything that was obtained before the marriage.
Property that may be subject to division includes:
Real estate
Bank accounts
Investments
Vehicles
Business interests
Retirement accounts
Stock options
Personal property, like furniture, art, and household goods
The marital home
Equitable Distribution
In Colorado, marital property is divided equitably – not necessarily equally – between the spouses. This means that property should be assigned in a way that is fair. If the spouses cannot agree on how to divide their property, the court will intervene and make a decision on their behalf.
When determining property division, courts will consider:
Each spouse’s contribution to the marital property, including any contributions as a homemaker
The value of each piece of property
The value of the total property assigned to each spouse
Any change in the value of separate property during the marriage
Each spouse’s financial circumstances
The couple’s child custody arrangements, if applicable
Call Levi A. Brooks, Attorney at Law
If you are facing the daunting task of dividing your marital property, be sure you have a trusted Fort Collins property division attorney on your side. I am eager to hear your story and offer my assistance in your case.
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