A primary concern in all types of divorce is the classification of property and its division. This process can be more complex in high-asset divorces as well as marriages that began later in life, but asset division is a common factor in most divorce agreements. Jefferson County courts are required to craft an equitable division of assets, excluding non-marital property, when divorcing parties cannot reach an acceptable agreement.
When readers in Jefferson County think of the property division portion of a divorce settlement process, they typically think of bank accounts, vehicles and homes. In some cases, a couple may have invested in artwork, memorabilia or other types of assets, however, that also often have to be divided up between the two parties.
Whether couples in Denver enter into their marriage with assets and properties, or they acquire assets and properties throughout the course of a marriage, those resources must be divided in the event of a divorce. In the absence of a prenuptial agreement spelling out how assets should be split a family law judge will divide up the couple’s assets, including bank accounts, retirement accounts and even artwork based on a number of factors, like valuation of the assets and earnings of the individual parties.