Law Office of Alexandra White, PCLaw Office of Alexandra White, PC Colorado Family Law Attorneys
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November 2016 Archives

Will you have to pay for your spouse's debt after divorce?

It is easy to rack up debt in a marriage. Between getting new cars, buying a house, finishing off student loans and credit card habits you might end up with a lot of debt when you file for divorce. The last thing you want is to walk away from a divorce paying for a spouse's bad choices. It is important to understand Colorado laws and how you can avoid getting crushed by unfair debts.

Trust Property in Divorce

In Colorado, Courts will divide and transfer marital property between spouses equitably in a divorce proceeding, see /blog/2016/10/marital-property-division-in-colorado.shtml. Prior to the mid-1980's, Colorado along with many states applied the title rule, which was that whomever had title to property would receive that property upon a separation. As a result, trust assets were generally not included in the division of marital property. In the interest of avoiding unfair property distributions, Colorado has expanded the pool of assets Courts must divide to include all assets, regardless of title.

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