Having a lot of assets when you walk into a divorce can be tricky, especially when you have custody issues.
If your child also has assets that need to be protected what is the best way to proceed?
Full disclosure is necessary...
Are you wondering how your property will be divided in your upcoming divorce? Although it is largely up to the parties involved, every state has statutes that address this.
For that reason, you will likely need help making good arguments for why you should get what is rightfully yours.
It is important to know that in Colorado, there is no "community property" law.
Colorado is what is known as an "equitable division" state. Therefore it is important to discuss with your lawyer what you believe to be fair.
Drawing the right line in the sand is one of many challenges in a divorce settlement.
Splitting a retirement fund or bank account is more straightforward, but valuing and then distributing assets if you own a business or your own practice is an abstract process.
Divorces can be amicable or tumultuous, but high asset divorces tend to be complicated with assets of all sorts at stake.
Colorado is not a "community property" state, it is instead an "equitable distribution" state. In Colorado, the only ground for divorce is "irretrievable breakdown" of the marriage.
When a couple is unable to reach an agreement on how to divide the marital property a judge will decide. If the divorce is presided over by a judge, the judge will assign a percentage of the assets to each spouse.
