Separation Agreements In Boulder
Resolving a divorce in Colorado without going to court
When the parties to a divorce case are able to resolve all the issues between themselves and without the Court’s involvement, they and their counsel draft a Separation Agreement to memorialize the agreed-upon details of their separation. A Separation Agreement addresses issues related to maintenance, personal property, real estate, financial assets, and debts, as well as other matters that must be legally decided before a Decree of divorce or legal separation can be issued by the Court. Child-related issues are handled in a separate document called a Parenting Plan.
A Colorado separation agreement must consider and resolve, among others, the following issues:
- Property Division – How will the couple divide all of their marital property and financial assets, including retirement plans and insurance policies?
- Real Estate – If the parties jointly own real estate, but neither party can refinance in his/her name alone and the property cannot be sold, how shall the parties continue to co-own the property until it can be refinanced or sold?
- Maintenance (referred to as alimony in many other states) – Will one party be required to pay spousal support to the other?
- Division of Bills – Who will assume financial responsibility for which debts and bills incurred during the marriage?
Ross Law Firm can help
Separation Agreements vary from state to state therefore it is essential that you speak with an attorney who is knowledgeable specifically with Colorado Separation Agreements. If you are contemplating divorce or legal separation, and want assistance addressing the various issues related to finances, property, and maintenance, meet with an experienced Boulder divorce attorney at Ross Law firm today. We will discuss your personal situation, and help you decide what’s best for you and your children. We will also answer any questions you may have regarding a Colorado Separation Agreement.