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.
When family law courts in Jefferson County and elsewhere are determining asset distribution and property division in divorces, it is their job to fairly distribute those assets between the parties. While courts understand it is not possible to make those involved whole again in divorce settlements, they do their best to ensure the equitable division of marital property, bank accounts and other assets. Unfortunately, this does not always happen.
Celebrities and other high-profile couples not only have to deal with media attention during divorce proceedings, they are often also involved in multiple, drawn out hearings in order to divide assets and reach settlements. Marital property, non-marital property, business assets and retirement accounts are among the numerous types of assets that often must be valued and distributed in divorce settlements.