No Fault Divorce Explained

Hey Ryan! A no-fault divorce means that neither spouse has to prove wrongdoing or fault by the other party. Instead, the reason for the divorce is often cited as "irreconcilable differences" or "irretrievable breakdown of the marriage."
Do you have any specific questions about how no-fault divorce works in Colorado?

In Colorado, marital property is divided based on "equitable distribution," which means a fair division but not necessarily equal. Key points include:
- All property acquired during the marriage is considered marital property.
- The court considers factors like each spouse's contribution, economic circumstances, and the value of the property.
Do you have specific assets or possessions you're concerned about?

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In Colorado, retirement accounts and *(k)s are considered marital property and subject to equitable distribution. This means they will be divided fairly, but not necessarily equally. The court will consider various factors, such as:
- Length of the marriage
- Contributions of each spouse
- Economic circumstances of each spouse
Are you considering how to protect your retirement accounts, or do you need more details on the process?

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To protect retirement accounts and *(k)s during a divorce in Colorado, consider the following:
- Prenuptial or postnuptial agreements: These can specify how assets will be divided in the event of a divorce.
- Negotiation: Work with your spouse to reach an agreement on the division of assets.
- Legal representation: Hire a lawyer to ensure your assets are fairly represented and protected.
Do you need more details on any of these steps?