What You Should Know About Property Division

In Colorado family law, there are two types of property: marital property and separate property.

  • Marital property is any property (money or assets or debt) acquired by either person during the marriage, unless it was a gift or inheritance received by one person. Marital property will be equitably divided between the two spouses.
  • Separate property is any property owned before the marriage or received as a gift or inheritance by one person during the marriage and not comingled. Separate property will NOT be divided between the spouses. However, if there was an increase in the value of that property during the marriage, that increase in value is marital property and may be divided.

Properly classifying property as a marital asset or a separate asset can become complicated, especially for larger estates or when there are businesses involved. The divorce attorney at Diane S. Freed, P.C., has experience helping clients with equitable distribution of property in both contested and uncontested divorce cases.

Understanding Your Options In Colorado

We provide our clients with options to support them in arriving at a property settlement agreement that fits their situation and needs. We have training in mediation, collaborative law and early neutral case evaluation. We are equally prepared to be your advocate in court should your case need to be resolved by a family law judge.

If you are considering divorce and you need skilled legal help with the division of marital assets and business assets, email the Lakewood law office of Diane S. Freed, P.C. We can assist you with:

  • Valuation of a home, family business or business partnership
  • Valuation and division of retirement or pension funds
  • Valuation and division of stocks, bonds and mutual funds
  • Valuation of a home and advice regarding options if your home has lost value
  • Tracing of marital assets (identifying marital property and finding hidden assets and/or instances in which company funds have been misused by a business-owning spouse)
  • Decisions regarding alimony/spousal support in light of the division of assets and the tax implications of the two

Understanding The Tax Implications Of Complex Assets

Our firm has the experience to handle the most complex asset division and business valuations. Lawyer Diane Freed began her law career as a tax attorney. She has a sophisticated understanding of the tax implications of property division, particularly with complex assets such as executive compensation packages. However, it is sometimes necessary to seek the advice of independent third-party professionals. In such cases, we work with leading financial advisers, CPAs and business valuators.

We work hard to protect your financial interests while keeping your short- and long-term goals and needs in mind. When you're ready to move ahead with a divorce and property division, contact the Lakewood law office of Diane S. Freed, P.C.: 303-500-8865. We are happy to assist you.