Denver Property Division Lawyers
Helping Clients in Colorado Ensure Fair Asset Allocation
No matter what your financial status, there is a great deal of time and energy involved in untangling your finances after years of marriage. It requires a delicate balancing act or the process can quickly devolve into accusations and shouted demands. Divorce poses a significant challenge and you need an experienced property division attorney to represent your interests. The lawyers at Kaplan Law L.L.C. have spent decades fighting to protect the futures of our clients, earning a number of industry awards along the way.
Issues to Consider
In a divorce, the division of liquid assets, property, and business investments will often raise a number of hard questions:
- How will pensions and other employment benefits such as stock options and bonuses be valued and divided?
- Who keeps the family business and at what value?
- How can the value be allocated if the asset is not liquid?
We have a number of experts and investigators on hand to collaborate and thoroughly explore what your family owns and identify how to show its true value. Our tools include document requests as a start. When we identify potential issues, we may use a deposition or inspection to piece together a complete picture of your financial situation.
Ferreting Out Hidden Assets
When your soon-to-be ex-spouse realizes that divorce is on the horizon, he or she may find inventive ways to conceal assets. Tracing money can be near impossible for all but the most skilled forensic investigators and accountants.
Some of the tactics include:
- Underreporting income on tax returns
- Stashing cash in a safe deposit box
- Business accounting practices that minimize income or assets held
- Antiques or collectibles that appear worthless but are actually quite valuable
- Hiding assets in LLCs or other entities or with other persons
All assets and debts must be fully disclosed in the divorce process. If a financial disclosure does not match up with your standard of living, or if there is any reason why the financial disclosures appear to be incomplete or suspicious, we will investigate. Our attorneys and associated experts know how to unravel complicated finances. This can be expensive and also a wild goose chase, so we are very careful to be strategic in how we handle each case and tailor our representation to your situation.
Equitable Division in Colorado
Property classification is the first step in property division. Property acquired during marriage is presumed to be marital and subject to division. This could include your home, bank accounts, retirement accounts, investment real estate, art, jewelry, or a family business. Often it is not simple to determine whether an asset is marital or separate, meaning that analysis or tracing may be needed to identify just what is to be allocated in a divorce. A court can't divide separate property, such as pre-marital assets, inheritance, or gifts, but the law is complex and the process of determining what is separate can be difficult to accomplish.
Once the marital property is identified and then valued, it is equitably divided. What does it mean to equitably divide your assets and debts? It means a fair result, taking into account all relevant considerations. The court looks at a variety of factors when you cannot reach an agreement.
An experienced family law attorney can work with you to develop a martial balance sheet and proposed division of assets to maximize the assets that you receive consistent with a reasonable financial plan to achieve your future needs and goals.
A Good Lawyer May Be Your Best Marital Asset
When a trust, business or complicated finances are involved in or after a divorce, you need a lawyer who thinks strategically and works efficiently or you could unknowingly be setting yourself up for disaster or future litigation. Our family law attorneys and their team of professionals know what to look for, what to find, and what to do in highly complex and complicated cases, often working with financial experts obtain the best attainable outcome.
Though your hard work over the years may not directly reflect in a bank account, it doesn’t mean it was without value. Likewise, the end of your marriage should not herald the end of your way of living or your financial security. Unfortunately, it is not always easy to tip the scales of justice in one’s favor.
By going into court fully prepared, and having the experience and skill you will receive from the lawyers at Kaplan Law L.L.C., you greatly increase your chances of persuading a judge or magistrate that what you want is a fair and equitable settlement.
Call (303) 747-4748 now to get started.
We maxmize settlement through mediation & obtain your goals by being well prepared at hearings and trials.
On the front end, we listen to you to understand your goals.
Our attorneys think outside the box to develop a strategy within your budget.
To implement our plans of action, we identify key facts, experts and conduct aggressive discovery.