Real Property Division
If you’re a couple with large assets, dividing real property can be among the most complex aspects of your divorce. From the family home to investment properties to vacation homes, it can be difficult to fairly divide the value.
Colorado is an equitable distribution state, which complicates matters further. If the property you own was purchased during your marriage, the state considers it marital property that must be equitably divided.
What Is Real Property And How Is It Divided?
Real property is the property including anything growing on, attached to or erected on it. However, anything that may be severed without injury to the land may be excluded from division. A complex real estate portfolio might include:
- One or more single-family homes
- Vacation property
- Investment property
- Rental property
- Business property
Dividing your property is rarely simple. If you own one or two pieces of property, it may be easy to sell your real estate and split the value. However, many situations are more complicated than this. Rental properties generating income are a common example. Or you may have property that was acquired prior to your marriage.
It is important to work with a lawyer who can assist you with even the most complicated property division cases. We can help you determine the value of your property and a fair outcome from its division.
Colorado is an equitable distribution state, but that doesn’t mean you need to give up half your property. If you have a rightful claim to more of your real property, we can help you get the value you deserve.