Unlike community property states, where marital property is split up equally during a divorce, Colorado is an equitable distribution state. This means courts look to divide marital property in a way that is fair based on the specific circumstances of the divorcing couple. With experience in family law and divorce litigation, the attorneys at Shufflebarger Law Office, P.C. in Fort Collins work to help our clients achieve satisfactory settlement agreements and court orders for property division.
All property not individually owned by either spouse is considered part of the marital estate. For a meaningful equitable distribution, full financial disclosure from both parties is necessary. Colorado courts consider various factors to devise fair plans for splitting up marital property. These include:
A judge will also weigh the desirability of awarding the family home to either spouse. If children will spend more time living with one parent, that parent may have a stronger claim to the home.
Courts do not consider marital misconduct, such as cheating, when handling asset division.
Our attorneys help negotiate and draft property division agreements outside of court through mediation or negotiation, keeping our clients’ well-being as a top priority.
The individual property each spouse brings into the marriage is classified as separate property, whereas property acquired by either spouse during the marriage is marital property. So money in one partner’s bank account prior to marriage is his or her own, while funds added to the account after the wedding day belong to the marital estate. There are a few exceptions, however. A gift or inheritance earned by one partner during the marriage is considered separate property and property acquired in exchange for separate property is also separate property. There may be circumstances in which separate property is converted to marital property, such as where one spouse pays off a mortgage on a house owned by the other. If a prenuptial or postnuptial agreement is in place, it may include instructions for classification of property upon divorce. Our firm can guide you through the equitable distribution process and help you seek a satisfactory asset division outcome.
Our attorneys have experience managing complex marital estates with special considerations, including when 401k and other retirement accounts are involved. It is important to know that increases in the value of your retirement account during your marriage are generally considered to be marital property.
If you or your spouse receives Social Security Disability (SSD) or other entitlements, such as military benefits, different factors — such as your ages and the length of the marriage — will be used to determine whether these are separate or marital property.
From our office in Fort Collins, Colorado, we advise divorcing spouses in Larimer and Weld Counties on matters of property division. To schedule a consultation with Shufflebarger Law Office, P.C., call us at 970-232-9732 or contact us online.
About Attorney Jeremy Shufflebarger comes from a vast family of Colorado natives. After moving around the United States, he settled in Fort Collins, Colorado. Jeremy is a former judicial clerk for the Larimer County District Court in Colorado and the Laramie County District Court in Wyoming. He is well versed in a wide range of…
"Great lawyer really happy with using his services." - Travis Genwright
"Jeremy Shufflebarger and his staff were FABULOUS! Divorce is in most cases heart-breaking, and from my first visit in his office to my last he handled my case with respect and care, mentoring me each step of the way. Jeremy will take the time to walk you through the process, and lay out what the pros and cons may be so you can make good decisions along the way. There are so many wonderful things I can say about Jeremy, but words cannot express the gratitude I have for him and his staff throughout my divorce process." - Mari Jo Mentzer
"Jeremy Shufflebarger and his law firm provided unbundled legal services for my divorce in 2016 and essentially acted as a consulting attorney for my case. Jeremy was an excellent listener and provided sound and professional advice. He was very familiar with the family court, the divorce process, and mediation and was able to help me navigate a difficult time. Despite a busy schedule his assistant Andrea always made it possible to set up a call with him and get my concerns addressed in a timely manner. Having Jeremy and his team in my corner made a difficult situation a little less stressful. Thanks for everything." - Ryan Hogan