Broomfield Property Division & Divorce Attorneys
Let Us Protect Your Rights & Assets
At Jorgensen, Brownell & Pepin, P.C., we understand the complexities of divorce, particularly when it comes to dividing assets. This is why Broomfield families turn to our experienced family law team.
With over 30 years of experience, we will guide you through the asset division process with precision and care, ensuring your financial interests are protected and your unique family dynamic is respected.
Because Colorado is an “equitable distribution” state, the court must divide marital assets equitably, but not necessarily equally. This is why you need the expert guidance of our family law team.
Colorado property division laws can be complex and require a nuanced understanding of both the law and the specifics of your situation. Our team is equipped with the strategies necessary to advocate for a division of assets that is not only fair but considers the contributions of both partners.
Rest assured, we are here to ensure your rights are upheld and that you receive a just portion of the marital estate, whether through negotiation, mediation, or court proceedings. Contact us today!
Compassionate Family Law Services: Since 1989
Choosing the right team for your property division case means securing the perfect blend of knowledge, expertise, and compassion. The family law team at Jorgensen, Brownell & Pepin, P.C. offers exactly that.
- 30+ Years of Experience: Over the last three decades, we’ve built a reputation on competence and compassion. Our track record speaks for itself and we encourage you to see what our satisfied clients say about us.
- Custom Legal Solutions: While we believe in upholding Colorado law, we don’t believe in one-size-fits-all solutions. You are as unique as your case. We will work with you to find a custom solution tailored to your needs and goals.
- A Comprehensive Approach: Our Broomfield property division team has deep knowledge of all matters related to family law. Let us be your guide and ensure you secure a fair and favorable outcome in your property division case.
- Compassionate Guidance: We believe in efficiency, but not at the expense of kindness and compassion. Our team is dedicated to helping clients overcome common legal obstacles with care.
Frequently Asked Questions
What is marital property?
It is any property acquired during a marriage so long as it was not acquired by inheritance or as a gift solely to one spouse. Properties that are not considered marital are called separate properties. When one spouse’s separate property increases in value during marriage, such increase in value would normally also be considered marital property. Separate property for which the title is changed to include both spouses jointly can also become marital.
How is property divided in Colorado?
Colorado judges and courts will divide marital property equitably. There are certain circumstances that will result in an equitable division that is not necessarily equal. This can occur when one spouse has a much higher income or ability to replace assets, or it may relate to spousal support. Unequal property division may also occur when one spouse is allocated a larger amount of marital debt. It is imperative that each party be prepared to explain to the court the equity of a proposed division.
How are pensions and retirement accounts divided?
In Colorado, a judge or court shall include pensions and retirement plans earned by each spouse as marital assets available for division. These retirement benefits are divided into the following two groups:
Defined Contribution Plans
This is money belonging to an employee. The employer or employee can make defined contributions. Although the balance of the plan constantly fluctuates, the value is definable at any given plan. Profit sharing plans, 403(b)’s, and 401(k)’s fall into this group
Defined Benefit Plans
This is a benefit an employer promises to pay to an employee in the future. Pensions and annuities fall into this category. The amount to be paid may be determined by a formula that is based on an employee’s salary near the end of the employee’s career and the number of years the employee worked for that employer before retiring. The present value of this future benefit can be determined so that this asset can be fairly assessed and allocated.
Can a prenuptial agreement affect property division?
Yes. These agreements can specify which assets are considered separate property and how marital property should be divided, overriding state laws on property division. It's important to have a prenuptial agreement reviewed by our experienced legal team to understand its implications fully and ensure it's enforceable.
How are debts divided in a divorce?
Just like assets, debts acquired during the marriage are typically considered marital property and divided equitably between the spouses in a divorce. The division of debt will depend on whose name the debt is in, the purpose of the debt, and state laws regarding property division.
Our lawyers can help negotiate a fair division of marital debt, taking into account the financial circumstances of both parties.
Begin a New Chapter with Confidence - Contact Jorgensen, Brownell & Pepin, P.C.
At Jorgensen, Brownell & Pepin, P.C., we understand the stress and emotional complexity that comes with complex divorce cases. Personal experience has shown us that divorce is much more than a legal process—it’s a pivotal moment that demands careful guidance and compassionate support. That is what we have offered clients since 1989. Let us be your advocate and ally, ensuring you begin a new life chapter with confidence. Contact us today!
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