The following form is a Property Settlement and Joint Custody Agreement.
Colorado Annulment Property Settlement and Joint Custody Agreement
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FAQ
Prior to Marriage. Any property you owned before getting married is considered separate property. If you own a vehicle prior to marriage and it remains in your name, that vehicle would be considered separate property. The same is true of homes, businesses, or other assets.
Colorado is not a community property state in a divorce. Colorado is an equitable distribution state, which means property will be divided by the court in a manner that is deemed fair to both parties, but not necessarily equal, if spouses cannot come to a resolution on their own.
If you owned your house before entering into the marriage, then the value of the house at the time of the marriage is not considered marital property. However, if the house has appreciated over the course of the marriage, the value of the appreciation is considered marital property.
Colorado is not a community property state, meaning that in a divorce, the partner that earned the property may have the ability to keep that property. If both spouses worked and financially contributed to the house, it would be considered shared marital property and should be divided equitably.
Dividing Marital Property In general, most courts will divide the marital property in half. However, courts are instructed to review the ?economic circumstances? of each spouse. In most cases, the spouse's economic circumstances are exactly the same because everything is marital property.
An annulment must be initiated within the following timeframes, and only by the persons indicated: Lack of capacity to consent, fraud, duress, jest/dare: Within 6 months of learning of the grounds for annulment, and only by the aggrieved spouse (or representative for a spouse who lacked capacity to consent).
Colorado is not a community property state in a divorce. Colorado is an equitable distribution state, which means property will be divided by the court in a manner that is deemed fair to both parties, but not necessarily equal, if spouses cannot come to a resolution on their own.
Property purchased during the marriage is marital property regardless of who's name the property is titled in. Title does not control in Colorado domestic relations court; timing does.