While some states follow community property laws, most follow equitable distribution laws. Colorado is an equitable distribution state. This means that the division of assets and property is not necessarily equal, but it’s fair. It is up to the court to determine what should go to each spouse. The exception to this is inheritance and gifts given to one specific party. This is separate property and is not subject to division.
The way that assets are divided in an equitable distribution state like Colorado is once again determined by the court. There is what’s called separate property and marital property. Anything considered marital property is available for distribution. It may seem simple enough, but sometimes the lines between the two are very blurry.