Property Division and Divorce
Westminster Divorce Lawyers
Colorado distinguishes between two types of property: separate and marital. In a divorce, a court can divide marital property but not separate property.
Separate property is anything you acquired prior to your marriage. This includes gifts or inheritances you received, even while you were married, unless that property was commingled with marital property.
Marital property is anything that was acquired by either you or your spouse during your marriage. It doesn’t matter how the property is titled. For example, if you bought a car during your marriage and it is titled in just your name, your spouse still has claim to it because it’s considered marital property.
Property can also be both marital and separate, because any increase in the value of separate property during the marriage is considered marital property.
When the court divides marital property, it considers many factors, although the legal standard is simply that it be done equitably or fairly. In most circumstances, this means an equal division of property but, depending on the resources of you and your spouse, one of you may receive more property than the other.
Debt is also divided in the same manner.
Contact Hull & Zimmerman if you have further questions about divorce and property division. If you are looking for a divorce lawyer in the Westminster area, please schedule a free consultation today.
Colorado and Greater Denver metro area Family Law and
Divorce Lawyers.
Hull and Zimmerman, P.C.
2921 W. 120th Ave., Ste 220
Westminster, Colorado 80234
Phone: 303-423-1770
Fax: 303-423-2102
Toll Free: 1-866-385-3505
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