Colorado will not be a group property state. As a substitute, it follows the precept of equitable distribution. Which means that in a divorce, marital property is split pretty, not essentially equally. For instance, whereas a 50/50 break up is widespread, a choose could contemplate elements like every partner’s financial circumstances, contributions to the wedding, and any misconduct to find out a simply division of belongings.
The equitable distribution system goals to realize equity in property division based mostly on particular person circumstances. Traditionally, many states, together with Colorado, favored common-law property programs, which frequently granted husbands better management over marital belongings. The transfer towards equitable distribution displays a shift in the 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.
