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Our Longmont marital asset division attorney will help you better understand the division of properties after a divorce.
A Longmont marital asset division lawyer will tell you that under the “common law,” the distribution of marital property depends on how the former spouses share ownership. This is also known as an equitable distribution.
Let our Longmont marital asset division lawyer give you an example. If you purchase a property under your name, that would be completely and solely yours. On the other hand, if the said property is in yours and your former spouse’s name, then it belongs to both of you.
Most states follow this rule. Our marital asset division lawyer Longmont CO will help divide properties between you and your former spouse in a fair and equitable manner.
There are instances where some properties are difficult to characterize, this is where it will be extremely helpful to have Longmont asset division attorney to navigate this legal matter. Our Longmont marital asset division attorney will tell you what you can expect during the process.
Unique issues often arise during the division of assets. With that in mind, it would be reasonable to hire a marital asset division attorney Longmont CO.
When do you need to hire a Longmont marital asset division lawyer?
You need to hire an asset division attorney Longmont CO to help file a case in court if:
- You and your former spouse could not agree on the property settlement.
- You and your former spouse agree on how to divide a portion of the property, but not its entirety.
A lawyer is also necessary to determine whether the property is subject to equitable distribution. Some property obtained during the marriage is not considered marital property – gifts, devise, or bequest.
When couples get divorced, marital properties are divided accordingly. Our Longmont marital asset division attorney will provide valuable insights as to what you should consider, maintain or continue to keep, and what you should be aware of.