Colorado Springs and Pueblo, Colorado, Family Law Attorneys
At Kinnaird & Kinnaird, P.C., we are well equipped to help you deal with property division issues in your divorce. From evaluating your overall financial situation to advocating for equitable treatment in your case, we will help you consider all important issues and form an action plan. Contact us today by calling 719-520-0003 to benefit from a free initial consultation.
Protecting Your Future Starts With Solid Information on Property Division
It is unwise to rely on friends’ divorce experiences or other hearsay in almost any family law matter. This can be especially true for property division, where a mistaken assumption about one major asset — or debt — can make a huge difference in the outcome.
Equitable Distribution of Retirement Accounts — Protection of Separate Property — Marital Debts and Liabilities
The legal standard in Colorado is equitable distribution of property, which means “fair,” not fifty-fifty or equal. Negotiation or litigation is often required to get your fair share. Some other critical things to know are:
- All property acquired during your marriage, including 401(k) accounts and other investments, will be subject to equitable distribution.
- Retaining property you brought into the marriage, or received as a personal gift or inheritance, may require forensic accounting or other challenging research.
- All marital debts are subject to division just as assets are, and they may be assigned to the spouse with a greater ability to pay. You have the option to file for bankruptcy. If you would like more information, you can visit our Web site related to our bankruptcy practice.
- Having your name alone on the title or other proof of ownership for any property does not mean that property will not be divided.
We deliver honest counsel to help you make sound decisions
Call us today for a FREE consultation