DENVER PROPERTY VALUATION Attorney

One of the most high-stress and controversial aspects of divorce is often the issue of asset valuation. Using nearly four decades of experience, The Law Office of Stephan E. Uslan in Denver has helped couples reach agreements on the best way to divide their property. Our Denver property valuation attorney has helped couples with multimillion-dollar marital estates divide their assets as well as those with short-term marriages or with little marital property. 

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How Does Colorado Assess and Distribute Property?

Colorado follows the principle of equitable distribution when dividing property in a divorce. This means that property and assets acquired during the marriage are divided fairly, but not necessarily 50/50 between the spouses. The court considers various factors, such as the financial and non-financial contributions of each spouse, the length of the marriage, the economic circumstances of each party, and other relevant factors to determine a fair distribution of marital property.

Proper valuation of marital property is essential to a fair division. For assets that are easily valued, such as bank accounts or vehicles, this may not be complicated. However, many assets require a more in-depth valuation process:

• Real Estate Valuation: The family home and other real estate properties can be some of the most valuable assets in a divorce. A Denver property valuation lawyer can help determine the fair market value of these properties by enlisting the help of certified appraisers or real estate experts.
• Business Valuation: If either spouse owns a business or holds a significant interest in a business, determining the value of that business is essential. Valuing a business can be a complex process, as it requires careful analysis of the business’s financial performance, assets, liabilities, and future earning potential.
• Retirement Accounts and Investments: Retirement accounts, such as 401(k) plans, pensions, and IRAs, are often significant assets that require careful valuation. These accounts are subject to division under Colorado law, and it is important to understand their current value, including any penalties or tax implications that may arise from early withdrawal or division.
• Personal Property and Collectibles: Personal property, such as jewelry, art, antiques, and collectibles, can be challenging to value. These items often have sentimental value, which can complicate their division. A Denver property valuation attorney can help identify these assets and ensure that they are valued accurately, whether through expert appraisal or negotiation.

What is The Importance of Property Valuation in a Denver Divorce?

Property valuation is one of the key parts of a divorce or separation because it directly influences how marital assets are divided between divorcing spouses. This is particularly true for high-asset divorces, but it is applicable in any situation where a couple must determine the fair value of their property so it can be divided. This means reliable sources must be found to determine the value of marital property in a Colorado divorce; this information must be presented in a compelling manner to secure a positive result.

When there is a dispute about property valuation, the court will rely on information provided by professionals such as appraisers and evaluators, including their testimony, documentation, and reports about what the property in question is currently selling for. 

This may apply to:

• real estate, including the family home and any investment properties
• motor vehicles
• artwork
• jewelry
• pensions
• businesses. 

Because there are so many variables to consider, the value of marital property may range significantly in any divorce.

In need of a property valuation lawyer in Denver, CO? Then contact Law Office of Stephan E. Uslan today! Give us a call - (303) 900-5346