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How is the separation of marital property determined in Colorado?
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The separation of marital property in Colorado is determined by equitable distribution laws, as opposed to by community property laws. This means the court will attempt to make a fair distribution of marital assets by looking at several key factors.
Factors considered in deciding how marital property should be separated in Colorado include:
Generally, only marital property is considered and divided- separate property that each party brought into the marriage is kept by that respective party. If, however, one of the spouses contributed to increasing the value of separate property, then this increase in value will be considered to be a marital asset and divided as such.
These rules are designed to make things fair, but can become confusing. As such, if you are going through a Colorado divorce, you should strongly consider speaking with an attorney for guidance and advice on the distribution of marital assets.
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