Loveland High Asset Divorce
Protect Your Assets During Divorce
Even in amicable divorces, proceedings can quickly become argumentative when the time comes to split assets—particularly in high-net-worth situations. If you are considering divorce and have significant assets to protect, it’s important to consult with an experienced attorney.
With over 30 years of family law experience, our legal experts will help you gather financial documents, identify both separate and marital property, and take preemptive steps to protect your wealth. Contact us today!
How Are Assets Divided in Loveland, Colorado?
Because Colorado is an equitable distribution state, all property is divided “equitably,” not necessarily equally. To determine asset distribution, the judge will consider:
- Marital property contributions: The court will evaluate how much each spouse contributed to acquiring marital assets (both financial and non-monetary contributions).
- Property value: The court will also assess the value of marital assets (real estate, vehicles, investments, personal property) to ensure equitable distribution.
- Economic status: The judge will also consider each spouse's current financial situation (earning capacity, financial needs, current income).
- Increases or decreases in property value: If either or both spouses owned property before marriage or separate property was used for marital purposes, the courts may consider this when dividing assets.
- Contributions made by the homemaker: The courts recognize the non-monetary value of contributing to a marriage, whether through caring for the home or children. The judge will consider this when dividing property.
Find the Right Firm to Represent You
Dividing assets equitably can bring additional stress to divorce cases—one reason to partner with an experienced family law team. At Jorgensen, Brownell & Pepin, P.C., we have helped countless families overcome complex divorce cases involving high-value assets. Our skilled attorneys understand the intricacies of Colorado divorce law and will work tirelessly to protect your interests. Contact us today!
Frequently Asked Questions
What is the difference between separate and marital property?
Separate property refers to assets acquired before the marriage, inherited, or received as a gift by one spouse. Marital property, on the other hand, is any property acquired during the marriage, regardless of who purchased it or whose name is on the title.
In a divorce, separate property typically remains with the original owner, while marital property is subject to division between the spouses.
What happens to the family home in a divorce?
The family home is often one of the most significant marital assets and can be a contentious issue in a divorce. There are several options for handling the family home:
- One spouse can buy out the other's share of the home's equity.
- The couple can sell the home and divide the proceeds.
- In some cases, the court may award the home to one spouse, especially if there are children involved and maintaining stability is a priority. The specific outcome will depend on the couple's circumstances and the court's assessment of what is most equitable.
How is parenting time split by Colorado family law courts?
The court, by default, assumes that a child benefits the most from spending time with each parent and that both parents should be able to participate in decision-making on behalf of the child equally. The court orders specific parenting plans based on the best interests of the child, and the circumstances of the parties determines the best schedule.
Do mothers get priority in child custody orders?
Neither mothers nor fathers have priority in child custody cases. The court uses the child's best interests as a guide to make orders concerning the child. The court prioritizes the child’s needs over the parents’ needs.
Have Questions? Contact Jorgensen, Brownell & Pepin, P.C.
At Jorgensen, Brownell & Pepin, P.C., we understand just how difficult it can be to navigate the divorce process. For over 30 years, our Loveland high-asset divorce lawyers have helped countless families and individuals secure the best possible legal outcomes. Contact us today!
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