When can you re-open a finalized divorce?: Misstatements or Omissions that materially affect the division of property
Tuesday, May 26th, 2009
Q: What happens if you have divorced your spouse and then later find out they did not tell you about certain assets that they owned during your marriage that you were unaware of?
A: If the omitted or misstated information would materially alter the property settlement then you can set aside the final decree and re-open the case for a period of five years from the date of the final decree.
Under the Colorado rules that govern in divorce cases, C.R.C.P. 16.2(e)(10) states that it is the duty of both parties to a divorce case to provide full disclosure of all material assets and liabilities. If the disclosure contains misstatements or omissions that materially affect the division of property then the Court maintains the jurisdiction to reopen the case for five years following the entry of the final decree.
This law went into effect for Domestic Relations Cases filed on or after January 1st, 2005 and for post decree motions filed on or after January 1st, 2005.
In the recent case of In re the Marriage of Roberts and Lipson, No. 07CA0903, The Colorado Court of Appeals found that the wife could re-open the case because her motion to set aside the separation agreement was filed after January 1st, 2005, even though the original case for decree of legal separation was initiated prior to January 1st, 2005. The motion to set aside the decree is a post decree motion and rule went into effect for post decree motions before she filed it. The date the underlying case was initiated was not relevant.
In this Case, the husband had stated that his interest in a limited liability corporation was worth $663,000. This LLC owned a 5.41% interest in certain stock. The Wife alleged in her motion to set aside that the Husband's financial disclosures omitted to disclose that his ownership interest in the stock had a minimum value of $20 million, and that he was aware of the minimum value at the time.
The Court of Appeals held that the Wife had a right to re-open the case because her motion to set aside was brought after January 1st, 2005 and the Husband's omission, if proved, would materially affect the property distribution in the Case.
Information for this entry was gathered from 37 Colorado Lawyer, No. 10, pg124, Oct. 2008
A: If the omitted or misstated information would materially alter the property settlement then you can set aside the final decree and re-open the case for a period of five years from the date of the final decree.
Under the Colorado rules that govern in divorce cases, C.R.C.P. 16.2(e)(10) states that it is the duty of both parties to a divorce case to provide full disclosure of all material assets and liabilities. If the disclosure contains misstatements or omissions that materially affect the division of property then the Court maintains the jurisdiction to reopen the case for five years following the entry of the final decree.
This law went into effect for Domestic Relations Cases filed on or after January 1st, 2005 and for post decree motions filed on or after January 1st, 2005.
In the recent case of In re the Marriage of Roberts and Lipson, No. 07CA0903, The Colorado Court of Appeals found that the wife could re-open the case because her motion to set aside the separation agreement was filed after January 1st, 2005, even though the original case for decree of legal separation was initiated prior to January 1st, 2005. The motion to set aside the decree is a post decree motion and rule went into effect for post decree motions before she filed it. The date the underlying case was initiated was not relevant.
In this Case, the husband had stated that his interest in a limited liability corporation was worth $663,000. This LLC owned a 5.41% interest in certain stock. The Wife alleged in her motion to set aside that the Husband's financial disclosures omitted to disclose that his ownership interest in the stock had a minimum value of $20 million, and that he was aware of the minimum value at the time.
The Court of Appeals held that the Wife had a right to re-open the case because her motion to set aside was brought after January 1st, 2005 and the Husband's omission, if proved, would materially affect the property distribution in the Case.
Information for this entry was gathered from 37 Colorado Lawyer, No. 10, pg124, Oct. 2008


