Respected Complex Divorce Advocates
The Law Center P.C. is a highly respected law firm for complex divorce and other family law matters in Colorado. Our attorneys have experience with a broad spectrum of sophisticated legal issues related to marital dissolution, including the division of:
- Professional practices, limited liability companies (LLCs) and other business entities
- Interest from trusts, stocks and other investments and retirement accounts
- Real property such as vacation homes and resorts
Assets And Interest Are Subject To Equitable Distribution
Having one spouse’s name on the title of the house, the car or the boat is irrelevant when it comes to marital property division in Colorado. The court has the authority to divide assets in whatever manner it deems fair, regardless of whose name is on the title.
Accumulated interest is also subject to equitable distribution. If a man inherits $3 million, the money is indisputably his, as long as he does not commingle it with marital funds or change the title in a way that creates the presumption of a gift. However, any investment earnings on that money are considered joint marital property and are subject to division.
Dividing The Value Of Businesses And Professional Practices
The same principle applies to the division of a business during divorce. Any increase in value gained during the marriage is subject to equitable division.
At The Law Center P.C., we represent many entrepreneurs who own their own businesses. We also represent numerous physicians, dentists, lawyers, certified public accountants and other individuals throughout Colorado who have successful professional practices. Accurately valuing and dividing assets such as professional practices are complex endeavors, calling for the assistance of a skilled law firm to avoid substantial financial liability. Equitable does not always translate into equal division. The Law Center P.C. has preserved millions of dollars in marital assets by successfully arguing for something less than equal division of property when it comes to business owners.