Property division

The division of property is a critical component, and often one of the most contentious, of any divorce. There are many intricacies in dividing the marital estate and having experienced counsel is vital to the fair resolution of these issues. Property division in Colorado is done in an equitable, not equal, manner and it is important to have an attorney on your side who will carefully review the details of your finances, work with you to build the best care and obtaining the right results to secure your financial future. In a divorce, all property should be divided equitably. All property to a marriage, including retirement accounts, bank accounts, investments, real estate and physical property need to be addressed in a divorce. Divorce courts must also divide the debt to a marriage. Denver attorneys at Palmer Family Law can help you make this process understandable and hopefully easier. Contact us today!

FAQs:

  • Colorado divides property in an equitable manner. This does not mean equal. While some property divisions are equal, not all of them are. Someone may end up with more assets but also more debts. Someone may end up with more than the other person overall. It just depends on the makeup of the estate (what types of assets, how much, etc), contributions to those assets and debts, any premarital property, among other factors.

  • No. Anything acquired during the marriage is a marital asset, regardless of who “paid” for the asset. It will be subject to division.

  • This constitutes separate, or premarital, property in most instances. Except in some limited circumstances, any asset owned by one of the parties before the marriage is theirs to keep. However, if the asset is worth more now than when you were married, the increase in value is a marital asset, whether that is a house that went up in value, a retirement account that went up in value or something else, that increased amount will be part of the marital estate.

Hear from past clients

  • “Mr. Palmer assisted me with my divorce. At the time I reached out to him things were messy and I didn’t have representation. i was frustrated and emotional. Mr. Palmer was very empathetic and compassionate. He provided me with sound, non-bias, empathetic legal advice. He was a kind voice of logic when I was emotionally driven by all of the things surrounding my divorce. At the end of the day, things worked out as best as they could have, and it wouldn’t have been possible without Mr. Palmer. I highly recommend him. For anyone, but as a female, I definitely felt heard and respected.”

  • “Outstanding representation. Rachel Palmer did a great job staying on top of my case, and remembering all of the details. I truly felt I was her only client although she had other cases. I was always impressed by her preparation, her eloquence representing me before the judge, and vs. opposing counsel. Thoroughly answered all of my questions, and laid out all of the options along the way. Great knowledge of the law, process and possible delays and pitfalls. I highly recommend Rachel Palmer.”

  • “Calm but very nice. Mrs. Palmer is a wonderful attorney! Calm but does not back down! I went through a difficult divorce, but whenever I called her she would reassure and she was always honest with me even if that meant not looking good for us. I would recommend her to anyone who needs not only a great attorney but also a support system during the unknown which comes with divorce.”

  • “Accurate, painless and efficient - 5 stars. Michael was a beacon of hope at a time when my options appeared limited and the likelihood of a satisfactory resolution seemed almost impossible. His calm, empathetic demeanor offered buoyancy and confidence. I am eternally grateful for his professionalism and happily recommend him without reservation.”

  • “5+ years of representation. Michael has represented me for over five years through multiple family matters. I have followed him as he has moved firms and advanced his career. Michael has always given me the best advice and guidance and has helped me through the toughest of situations. I feel guilt for all of the issues he has had to deal with on my behalf. I would recommend Michael to anyone facing difficult family matters. i don’t know what I would do without Michael.”