Can we handle complex property division by ourselves?

No matter the circumstances, a Colorado divorce can sometimes be an understandably taxing process. When a significant amount of money or assets is added to the mix, coming to an amicable agreement about almost anything may seem just out of reach. However, both parties working together on a complex property division or other debated issue is not impossible at all, and some may find it preferable to warring over certain factors.

An issue often overlooked by many couples is life insurance and how its value may affect both parties. In fact, life insurance varies greatly from what many people likely think of as typical insurance, and it acts more as an asset during a divorce than anything else. Ignoring the actual value of a life insurance policy can ultimately be detrimental to one or both spouses.

A more obvious example may be the more traditional notion of what asset division includes. When a couple has a relatively small amount of assets to split, a valuation expert may only be needed for one or two items, such as a shared marital home. On the flip side, couples sharing a significantly high amount of assets -- such as multiple homes, vehicles or stock -- a little more help may be needed. Before a couple can even begin to fairly divide the assets that were once shared, it is important to fully understand the actual value of everything involved.

A valuation expert may not be the only help needed, as a deep and thorough review of where and how the couple spent money may warrant spousal support to maintain a certain lifestyle that one person may have become accustomed to over the course of the marriage. While the length of the marriage often plays a role in whether an ex-spouse is entitled to support in Colorado, lifestyle and discrepancies in incomes are also a factor. Ultimately, any divorce involving a significant amount of assets should be carefully reviewed before any final decisions are made, particularly when it comes to complex property division. Although it is possible to file an appeal of a divorce settlement or a judge's award, doing so can both financially costly and time consuming and is much more difficult than getting it right the first time around.

Source: Forbes, "Getting The Most From A High-Dollar Divorce", Russ Alan Prince, Dec. 1, 2014

No Comments

Leave a comment
Comment Information

Our First Meeting

Learn what happens at our first meeting.

Learn More »

Why You Should Hire An Attorney

Learn about the benefits of hiring an attorney.

Learn More »

Our Client Testimonials

See what our clients say about us.

Read All »

Arrange a consultation with our lawyers to discuss your specific situation. Call 720-541-5873 or fill out our contact form.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Changing the face of divorce.
Contact Us

Littleton Office
13978 W. Bowles Ave. Suite 200
Littleton, CO 80127

Phone: 720-541-5873
Littleton Directions

Craig Office
11 W. Victory Way Unit 205
Craig, CO 81625

Phone: 970-239-4354
Craig Directions

Steamboat Springs Office
465 Anglers Drive
Suite 2D
Steamboat Springs, CO 80487

Phone: 970-628-3795
Steamboat Springs Directions

Grand Junction Office
1003 Main Street
Suite 200
Grand Junction, Colorado 81501

Phone: 970-372-4008
Map & Directions

Aspen Office
600 East Hopkins Avenue
Suite 201
Aspen, CO 81611

Phone: 970-329-2335
Map & Directions