Add Lines Legal Colorado Property Settlement Forms For Free

Colorado courts are required to divide marital property equitably, which simply means “fairly.” The term “equitable” does not mean “equal,” it means “fair.” Because of this, a Colorado court does not need to divide your assets in half—they can actually divide them 60%/40% or in some other manner, depending on the ...

Property settlement modifications – In general, people will have six months after a property settlement decree in a Colorado divorce to file for a modification of this settlement (which may be necessary when one party believes that the property division was grossly unfair).

Financial Concerns: Separation can protect joint finances if one spouse has financial issues or risky behaviors, like overspending or substance abuse. Health Insurance Benefits: Remaining married may allow one spouse to stay on the other's employer-sponsored health insurance plan.

The nature of the proceeding is abbreviated by a letter code. For example, “R” stands for a Rate case, and "RM" is a Rulemaking case. The letter code is then followed by the current year and the number of the case for that year.

Assets Acquired During the Marriage It includes any cars, even if only one spouse drives each car, and even expensive wardrobes and personal items, even though they are used by one spouse. Land, homes, and businesses bought or built during the marriage are marital property.

Assets Acquired During the Marriage This includes the income from both spouses, including personal accounts and even your private retirement accounts. It includes any cars, even if only one spouse drives each car, and even expensive wardrobes and personal items, even though they are used by one spouse.

Essentially, any assets or property that you and your spouse have acquired during your marriage with some exceptions are considered community property and will be divided equally during the divorce process. This includes everything from your house and car to your savings accounts and retirement funds.

Unfortunately, separate bank accounts are not protected from property division if the assets deposited were acquired during the marriage. Although the funds were not commingled, since they were deposited during the marriage, they will be deemed as marital property, which will be subject to equitable distribution.

A Separation Agreement is a document that two people in a marriage use to divide their assets and responsibilities while they are separated.