Understanding Colorado’s Divorce Asset Division Laws 🔹 Equitable Distribution Principle Colorado follows the equitable distribution model, meaning that marital assets are divided fairly—but not necessarily equally. Courts consider several factors, such as each spouse’s financial contribution, future earning potential, and any separate property owned before the marriage. 🔹 Marital vs. Separate Property - Marital Property: Includes assets acquired during the marriage, such as income, real estate, retirement accounts, and business interests. - Separate Property: Covers assets owned before marriage, inheritances, and gifts explicitly given to one spouse. However, if separate property appreciates in value due to marital efforts, it may be subject to division. Steps to Take Before Filing for Asset Division ✔ Gather Financial Documents Before proceeding with a divorce lawsuit, collect essential financial documents: 📂 Bank statements, tax returns, and pay stubs 📂 Investment and...
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