Boulder Divorce Property Division Attorneys

Working to Protect Your Financial Interests & Keep Assets Fairly Divided

The Harris Law Firm in Boulder, CO, specializes in guiding individuals through the complex process of property distribution during divorce proceedings. Navigating the division of assets can be challenging, but our experienced attorneys are here to provide clarity and advocacy every step of the way. Whether your situation involves straightforward asset division or intricate property matters, The Harris Law Firm is committed to protecting your interests and helping you move forward.

To schedule a free initial consultation, call (303) 351-5855 or contact us online today.

Common Assets in a Divorce

Divorcing couples often find that dividing property and assets is one of the most complex aspects of the process. Common assets that may need to be addressed include:

• Real Estate: This includes the marital home, vacation properties, and investment properties.
• Financial Accounts: Bank accounts, retirement accounts, pensions, and brokerage accounts.
• Business Interests: Any businesses owned individually or jointly by the spouses.
• Vehicles: Cars, motorcycles, boats, and recreational vehicles.
• Personal Property: Furniture, electronics, artwork, jewelry, and collectibles.
• Debts: Credit card debt, mortgages, personal loans, and student loans are also considered in property division.

Understanding which assets fall into marital or separate property is crucial in determining how they will be divided.

Separate Property vs. Marital Property

A key component of property distribution in Colorado is distinguishing between separate property and marital property.

• Separate Property includes assets owned by one spouse prior to the marriage, as well as gifts or inheritances received by one spouse during the marriage. These assets typically remain with the original owner unless they have been commingled with marital property.
• Marital Property includes assets acquired by either spouse during the marriage, regardless of whose name is on the title or account. Colorado law presumes that all property acquired during the marriage is marital unless proven otherwise.

Disputes often arise regarding the classification of property, particularly in cases where separate and marital property have been mixed.

Colorado Property Division Laws

Colorado is an equitable distribution state, meaning that property and debts are divided fairly but not necessarily equally. The court considers a range of factors to determine what is fair, including:

• The duration of the marriage.
• Each spouse’s contributions to the marital estate, including non-financial contributions like homemaking and childcare.
• The economic circumstances of each spouse at the time of the division.
• The value of each spouse’s separate property.
• Any increases or decreases in the value of separate property due to marital efforts.

Remember, "equitable" does not always mean a 50/50 split. The goal is to achieve a fair outcome based on the unique circumstances of your case.

Frequently Asked Questions About Property Distribution in Colorado

How is the marital home divided?
The marital home can be handled in several ways: one spouse may buy out the other’s share, the property may be sold and proceeds divided, or one spouse may retain the home while offsetting its value with other assets.

What happens to retirement accounts?
Retirement accounts are typically subject to division, with adjustments made using a Qualified Domestic Relations Order (QDRO) to ensure tax compliance.

Can we negotiate property division without going to court?
Yes, many couples resolve property distribution through negotiation or mediation, which can save time and money compared to litigation. Our attorneys are skilled in facilitating these processes.

Why Choose The Harris Law Firm?

Choosing the right legal representation can make all the difference in your property distribution case. Here’s why The Harris Law Firm stands out:

• Local Expertise: As a Boulder-based firm, we are deeply familiar with Colorado’s property division laws and local court procedures.
• Client-Centered Approach: We listen to your concerns, prioritize your goals, and craft strategies tailored to your needs.
• Proven Track Record: Our attorneys have successfully handled complex property division cases involving high-value assets, business interests, and contested classifications.

When you work with The Harris Law Firm, you can trust that you have a dedicated advocate in your corner, helping you navigate the property division process with confidence and peace of mind.

Contact us today at (303) 351-5855 to learn more about our legal services.