How Are Luxury Assets Divided In a Divorce?

How Are Luxury Assets Divided In a Divorce?

Sometimes the division of assets during a Colorado divorce is a straightforward matter; for instance, when spouses rent a home and have few assets, or own a single property and agree to sell their home and divide the proceeds. But how does the Colorado Court divide luxury assets?Under Colorado’s Uniform Marriage Act, R&RE, p. 1016,…

How to Protect Family Wealth From a Divorce?

A divorce is an unsettling upheaval, dividing a family’s dynamics into two parenting-time schedules and one or both spouses moving into new homes. In addition, Colorado’s divorce law requires the division of what is often years or decades of combined assets. So, how do you protect your family wealth or heirlooms during a Colorado divorce?Under…

Property Valuations During a Divorce

Colorado is not a community-property state, and its divorce law does not require a strict 50/50 division of marital property. Instead, Colorado’s divorce court requires a fair and equitable division of marital assets, giving spouses greater discretion in negotiating a divorce settlement, often with the help of a professional mediator. For example, under the equitable…

How Are Businesses Divided In a Colorado Divorce?

No divorce is an emotionally or legally simple matter, but for a business owner, it’s often uniquely complex. You’ve worked hard to develop your business, and now face the Colorado divorce process. It’s natural to have concerns about what will happen to your business once the divorce becomes final. For Colorado business owners, a crucial question is: How do Colorado divorce courts handle divorces between spouses when one or both spouses own a business? A Denver divorce lawyer helps you…

Divorce and Occupation: How Does Work Affect Divorce Rates?

You’ve heard the statistic before, maybe even recently: “Half of all marriages end in divorce.” And while there was a point in time where that was close to the truth (divorce rates peaked in the late 1970s and early 1980s, somewhere between 45% and 50%) the percentage of marriages that end in divorce has decreased significantly in recent decades. In fact, as of 2022, according to data from the American Community Survey, about 18% of respondents who indicated that they…