Marital Legal Separation and Property Settlement Agreement Minor Children Parties May have Joint Property or Debts effective Immediately - Colorado 2025

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When legally separated, property and debt are divided similarly to a divorce. The court will evaluate the couples assets and liabilities and divide them fairly. This includes shared property, personal savings, debts, and ongoing financial obligations.
A: When you are legally separated, you are still technically married. However, you can still date other people, and it wont violate bigamy laws. Unlike other states, Colorado is a no-fault divorce state, meaning that even the potential fault of adultery cannot be taken into consideration during a divorce.
Some couples dont want to get divorced for religious reasons, personal beliefs, or financial reasons. For example, they stay married to keep a spouse or domestic partner on an insurance or benefit plan. Sometimes a spouse files a legal separation because they dont yet qualify for a divorce.
A settlement agreement differs from a separation agreement as it sets the terms for the divorce, not the separation. A settlement agreement should address all central issues of the divorce. This can include things like division of marital assets and debts, child custody, and child support, as well as spousal support.
Marital property includes financial accounts, physical items, real estate property, and investments attained during the marriage. This includes the income from both spouses, including personal accounts and even your private retirement accounts.
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Similarly to a divorce, you and your spouse can file a petition for legal separation as co-petitioners. If one party does not agree to your terms, you can also file for a legal separation on your own. To file, one party must have lived in Colorado for at least 90 days.
Unlike divorce, in Colorado, legal separation allows couples to divide assets and get orders about parenting time and family support, which can be a crucial distinction for those with religious or moral reservations about divorce.

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