There is no set formula , but Colorado law provides for equitable distribution .
In making its equitable distribution awards the courts are not only authorized to make monetary awards to one of the parties, but may also divide or order sold or transfer jointly owned marital property to one of the parties. The court in making its equitable distribution awards is not required to divide the marital property on an equal basis but rather, in deciding what an equitable division of marital property should be, will consider various factors listed in the Equitable Distribution Statute, including the relative monetary and non-monetary contributions of each of the parties to the well being of the family and to the acquisition and care of the marital property. Pensions and retirement plans are subject to the Equitable Distribution Statute to the extent that the same were accumulated during the course of the marriage of the parties.
-------------------- Never let your sense of morals get in the way of doing what's right. Isaac Asimov
Previous
Index
Next
Flat
Re: Formula to determing amount each party pays
Edit
Reply
Quote
