Colorado will not be a group property state. As a substitute, it follows the precept of equitable distribution. Because of this in a divorce, marital property is split pretty, not essentially equally. For instance, whereas a 50/50 cut up is widespread, a choose might take into account components like every partner’s financial circumstances, contributions to the wedding, and any misconduct to find out a simply division of property.
The equitable distribution system goals to realize equity in property division primarily based on particular person circumstances. Traditionally, many states, together with Colorado, favored common-law property methods, which regularly granted husbands larger management over marital property. The transfer towards equitable distribution displays a shift in direction of recognizing the equal contributions of each spouses in a wedding. Understanding this method is essential for people navigating divorce proceedings or property planning in Colorado.
