Is Colorado a Community Property State?

Is Colorado a Community Property State?

When a couple faces the inevitability of going their separate ways, one of the first things they wonder about is how to split their property in a divorce. Second only to child custody, separating assets is one of the most contentious aspects of divorce. While a handful of states are community property states in which the courts consider all assets collected during a marriage to belong jointly to both spouses and divide them 50/50, Colorado isn’t one of them. Instead,…

The best reasons to have a marital agreement:

Marital agreements sometimes come with a certain stigma that a spouse/future spouse doesn’t want to share wealth, assets, or income. But there are a lot more reasons to have a marital agreement, and the process is straightforward. Premarital, post-marital, civil union, or cohabitation agreements all have their place. Reasoning for agreements can be as simple as setting forth terms in the event the marriage ends by death or divorce, knowing and understanding outcomes better for death or divorce, and disclosing…