Divide Assets & Debts

Mediate a Fair Division of Debts & Assets

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Mediating the division of marital debts and assets requires full disclosure and bargaining in good faith. Transparency is required by the Colorado court, which issued Mandatory Disclosures FORM  35.1 - Reference to 16.2(e)(2) that lists each required disclosure. At the end of the mediation process, parties sign a Certificate of Compliance with Mandatory Financial Disclosures, to affirm that the requirements have been complied with.  

 

The data from these disclosures are put into the same calculation software used by the Colorado Courts. The professional software shows what percentage each spouse gets when an asset or debt is assigned to them. This data can be modified to project a variety of “what if’s” to equalize the division.  The software also calculates child support and maintenance according to Colorado statutes. When accurate and complete data is entered into the program, the results are consistent - the recommended child support and/or maintenance is the same regardless of whether an attorney or mediator works the numbers.   

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These items are collected prior to the first session of mediation.

(a) Sworn Financial Statement

(b) Income Tax Returns (Most Recent 3 Years).   

(c) Personal Financial Statements (Last 3 Years).   

(d) Business Financial Statements (Last 3 Years).   

(e) Real Estate Documents.    

(f) Personal Debt.   

(g) Investments.   

(h) Employment Benefits.    

(i) Retirement Plans.   

(j) Bank/Financial Institution Accounts.   

(k) Income Documentation. 

(l) Employment and Education-Related Child Care Documentation

(m) Insurance Documentation. 

(n) Extraordinary Children’s Expense Documentation.