Divorce can be a complex and financially straining process, especially when it comes to determining who pays the f...Read more
Property and asset division is an inevitable part of going through a divorce, actually, is one of the requirements for a divorce in Colorado. If you’re not careful, you could stand to lose more property than you need or want to. Taking the proper steps, including hiring an attorney, can help protect your property rights.
Divorce isn’t just about two people going their separate ways. It also involves other elements, such as the division of property. Asset division is one of the most contentious issues in divorces. Even though Colorado is an equitable division state when it comes to divorce, spouses still risk losing their fair share of marital property in the split.
However, there are steps you can take to protect your property rights in the divorce process. Knowledgeable Aurora divorce lawyers can help you take these steps, as well as work to protect your property rights and interests during the entire divorce process.
If you do nothing else to protect your property rights, hire Aurora divorce attorneys. As advocates for your rights, they can help you understand how your property might be divided and why. They can also ensure you are taking the right steps to preserve your rights. If necessary, they can help negotiate your property or represent you in a divorce trial, where a judge will decide how to divide your property.
Divorce is emotionally draining and tiring, but making an effort to accurately identify, appraise, and declare your property will make things easier when it comes to protecting your property rights. If you have property you want to keep that was gifted or inherited, try to find proof. You should also determine the status of your property; for instance, are there outstanding payments, tickets, or liens on your car? Be thorough in documenting and valuing your personal assets. If your divorce becomes contentious, you’ll be happy you did.
Money that is already in a joint bank account will be divided. If you are concerned that your spouse may try to empty these accounts for themselves, you have three options to protect the funds:
In addition to these, you can take many other steps to protect your property rights before and during a divorce. The best thing you can do to ensure you receive the property you are entitled to is to hire Aurora divorce lawyers at the CNL Law Firm, PLLC. Your attorney can assess your individual situation to determine what you should do. Call (720) 370-2171 or use our online form to schedule your case evaluation today.