When it comes to divorce, there are two, main ways of separating property and assets. They get put into one of two categories: ‘shared’ and ‘marital’ property. Marital property is any property or assets that is clearly one spouse’s over the other. This would be any things or money that was acquired prior to the marriage. It may also be any gifts or inheritances that were clearly issued or given to one spouse, or any things or money that was agreed upon by both spouses, in a valid manner, to be one spouse’s over the other. Marital property, on the other hand, is a bit tricker. This is all property and assets that were shared and acquired over the course of the marriage. Colorado being a no-fault state can sometimes hurt the party filing for the divorce. For example, if a man is filing for a divorce because his wife had been cheating on him for many years, he often feels wronged in the process of property division because he feels entitled to more of the assets than his wife whom he may feel is responsible for the divorce.
When it comes down to it though, everyone wants to know – what about the pets?
Pets are considered property, and not children, to much dismay. So there will be no splitting holidays or weekends with Scruffy, unfortunately. There are a few outcomes when a couple cannot amicably decide on who gets to keep the pets.
If you are dealing with a divorce and need guidance on custody of pets, children or general help with separation of assets and property, contact us today to schedule an appointment with Law Offices of Jarrett J. Benson.
by IgniteTeam | Dec 1, 2020 | Blog Wouldn’t it be nice to not have conniving family members who try…
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