Divorce Marital Property
If you are getting divorced, you may have many questions about how marital property will be divided. We’ll answer some of the most common questions about divorce marital property. Note that this is a general overview may not apply to your specific situation. If you have any specific questions about your divorce, consult with our experienced family law attorney today.
Q1. What is marital property?
Marital property is any asset or debt that was acquired during the marriage, regardless of which spouse’s name is on the title or deed. Separate property, on the other hand, is any asset or debt that was acquired before the marriage, or that was inherited or gifted to one spouse during the marriage.
Q2. How is marital property divided in a divorce?
In most states, marital property is divided equitably in a divorce. This means that the court will try to divide the property fairly, but not necessarily equally. The court will consider a number of factors when dividing marital property, including:
- The length of the marriage
- The contributions of each spouse to the acquisition and maintenance of the property
- The needs of each spouse
- The marital standard of living
of the spouses, the age and needs of any children, and any premarital agreements that the spouses may have signed.
The spouses may be able to agree on how to divide their marital property on their own. If so, they can put their agreement in writing and submit it to the court for approval.
Q3. What happens if I can’t agree with my spouse on how to divide marital property?
If you and your spouse cannot agree on how to divide your marital property, the court will decide how to divide the property for you. The court will begin by determining which assets and debts are marital property and which are separate property. Once the marital property has been identified, the court will consider the factors listed above and divide the property equitably.
Q4. What can I do to protect my rights in the division of marital property?
If you are getting divorced, it is important to protect your rights in the division of marital property. Consult with an experienced family law attorney in Denver Colorado to discuss your case. An attorney can help you understand your rights and negotiate a fair settlement with your spouse.
Q5. Why should I choose Thomas N. Scheffel & Associates, P.C. to represent me in my divorce?
Divorce marks a turning point in life where the past’s certainties give way to a new realm of legal considerations—where the division of property can seem daunting. At Thomas N. Scheffel & Associates, P.C., the commitment is to guide you through the legal complexities with dignity and a deep understanding of the law.
If you require a family law attorney in Littleton CO, the firm stands ready to assert your interests and safeguard your assets. Consider this not the end, but a new beginning. Take the first step towards redefining your future and contact Thomas N. Scheffel & Associates, P.C. today for a consultation.
Your peace of mind is their paramount concern.