Guidance Regarding Asset Division In Divorce

The division of property can be one of the most difficult and contentious aspects of a divorce. Particularly if you feel you have a lot to lose, it is important to have thorough and personalized legal guidance as you deal with issues related to asset division. At the Law Office of Alexandra White, PC, we will help you understand your rights and options.

Every divorce is different. In Colorado divorces, it is very common for the court to divide assets equally between the spouses. However, where there are sufficient assets, the court may divide assets disproportionately in lieu of a maintenance payment so as to sever the financial ties between the parties. In many cases, the division of assets and debts is settled outside of court. Parties who settle outside of court usually experience less stress and acrimony.

My Divorce Case Is Complicated, Right?

Divorce is difficult financially and emotionally. Your circumstances may seem incredibly complicated, and it can be daunting to think about losing or dividing assets you have worked hard to accumulate. Having an objective, empathetic ear can make a big difference. Having proper legal advice is critical.

We concentrate a significant part of our practice on high-asset divorce and family law, providing outstanding service, honest counsel and a focus on practical solutions to complex problems. Our attorneys can help you address important questions about:

  • Real estate assets, including your home, vacation property and/or commercial property
  • Business assets, including professional practices and family businesses
  • Retirement assets and investments
  • Stock holdings and equities
  • Personal belongings
  • Assets that are inherited or owned prior to the marriage
  • Prenuptial agreements and property division
  • The connection between asset division and spousal support

What Are The Tax Implications?

The advantage of a disproportionate award for the recipient (in place of spousal maintenance) is that it is generally not taxable. On the flip side, the person who is receiving fewer assets in lieu of maintenance payments is losing the tax benefits of paying spousal maintenance.

The tax implications of property division should be contemplated before a divorce. When cases go to trial, courts don't always factor in the tax ramifications in your asset division. You and your lawyer should do so before making any important decisions.

Contact Us Today

It is important to understand your legal rights and your options for proceeding with marriage dissolution and asset division. Contact us to schedule a phone consultation or in-office consultation in one of our Denver-area locations. You can also reach us at 303-416-5940.