What is considered marital property in Colorado?
What is considered marital property in Colorado?
All property acquired during the marriage, with exceptions such as inheritances and gifts, is considered marital property and subject to division. Marital property is to be divided equitably.
How is property divided in a divorce in Colorado?
In Colorado, marital property is divided without regard to marital misconduct or fault. The Court divides property as it deems equitable or fair, which does not necessarily mean the property is divided equally.
Who gets the house in a divorce in Colorado?
How The Courts Decide on House Division. In Colorado state, all the property and debt acquired during the marriage are divided equitably (fairly) between the spouses. However, equitable distribution does not mean equal (50:50) per se.
Is Colorado an equitable distribution state?
Colorado is an "Equitable Distribution" state, meaning that issues regarding marital property and debt during a Colorado divorce are generally settled between the parties by a signed Marital Settlement Agreement within the Decree of Dissolution of Marriage.
