Marriage of Brown

Colorado Court of Appeals·Decided March 5, 2026·No. 24CA1954·Unpublished

Opinion

24CA1954 Marriage of Brown 03-05-2026 COLORADO COURT OF APPEALS

Court of Appeals No. 24CA1954 City and County of Broomfield District Court No. 22DR30023 Honorable Mark D. Warner, Judge

In re the Marriage of Jason Matthew Brown, Appellant and Cross-Appellee, and Kimberly Quigley Brown, Appellee and Cross-Appellant.

JUDGMENT AFFIRMED AND CASE REMANDED WITH DIRECTIONS

Division VII

Opinion by JUDGE GOMEZ

Pawar and Johnson, JJ., concur

NOT PUBLISHED PURSUANT TO C.A.R. 35(e)

Announced March 5, 2026

Ciancio Ciancio Brown, P.C., Melinda S. Moses, Denver, Colorado, for Appellant and Cross-Appellee

Faegre Drinker Biddle & Reath, LLP, Mechelle Y. Faulk, Denver, Colorado, for Appellee and Cross-Appellant

¶1 Jason Matthew Brown (husband) appeals and Kimberly Quigley Brown (wife) cross-appeals the district court’s judgment that dissolved their marriage. We affirm and remand the case for further proceedings on the parties’ requests for appellate attorney fees and costs under section 14-10-119, C.R.S. 2025.

I. Relevant Facts

¶2 The parties married in 1996. During the marriage, husband and his business partners started a construction company called Basement Partners. Husband later expanded his business operations to real estate development. He and other investors purchased properties through separate entities, and they used Basement Partners to construct homes on the properties. In 2013, wife, who for the previous ten years had served as a homemaker for the family, started a real estate brokerage company called 40th Parallel. 40th Parallel worked exclusively with husband to sell the homes constructed through his development ventures.

¶3 In 2024, the district court dissolved the marriage and entered permanent orders. The court allocated the marital estate as follows (with all figures rounded to the nearest hundred):

Marital Value Husband Wife Real Estate $1,661,000 $475,800 $1,185,200 Bank Accounts1 $32,500 $7,400 $25,100

Retirement $1,746,000 $989,500 $756,500 Accounts Investment $2,471,200 $1,153,200 $1,318,000 Accounts Businesses and $1,051,500 $850,000 $201,500 Miscellaneous Assets Debts ($910,400) ($455,200) ($455,200)

Dissipated $186,000 $23,500 $162,500 Assets TOTAL $6,237,800 $3,044,200 $3,193,600

¶4 Moving to maintenance, the court determined that husband’s gross income was $36,000 per month, which represented a six-year average of his adjusted income from Basement Partners and the real estate development companies. The court determined that wife’s gross income was $11,000 per month, using an average salary for a comparable professional. It then directed husband to pay wife $7,000 per month in maintenance for ten years.

1 The court’s calculation of the bank account division was slightly

off due to a math error. The court evenly split a bank account worth $5,325, which equates to $2,662.50 each (which would round to $2,663), but the spreadsheet lists $2,263 for each spouse.

II. Property Division

¶5 Both parties challenge aspects of the district court’s allocation of marital property. We see no reversible error.

A. Standard of Review

¶6 The district court has latitude to equitably divide the marital estate based on the facts and circumstances of the case. § 14-10- 113(1), C.R.S. 2025; In re Marriage of Collins, 2023 COA 116M,

¶ 19. We will not disturb the court’s allocation absent a showing that it abused its discretion. Collins, ¶ 19. A court abuses its discretion when its decision is manifestly arbitrary, unreasonable, or unfair, or a misapplication of the law. In re Marriage of Medeiros, 2023 COA 42M, ¶ 28.

B. Overall Allocation

¶7 The district court divided the marital assets and debts between the parties, resulting in wife receiving about $150,000 more than husband. Husband contends that the court’s disproportionate allocation was inequitable. We disagree.

¶8 When dividing the marital estate, the district court considers the relevant factors and allocates assets and debts in such proportion as it deems just, ensuring an equitable, but not

necessarily equal, property division. See § 14-10-113(1); In re Marriage of Capparelli, 2024 COA 103M, ¶ 9.

¶9 The court recognized that “[t]he division of property must be equitable, not equal” and, thus, that it was “not required to offset for all marital property awarded to either party.” It also found that “both parties contributed relatively equivalently to the marital estate.” See § 14-10-113(1)(a). The court noted husband’s financial contributions to the marriage and found that wife had contributed both financially and as a homemaker. The court further recognized that, at that time, husband’s financial circumstances surpassed wife’s, noting his significantly higher income. See § 14-10-113(1)(c).

¶ 10 The court weighed these factors and evidently determined that an allocation slightly increased for wife was equitable. Although the court didn’t expressly address its slightly unequal allocation, we are not convinced that it failed to sufficiently explain its decision. See In re Marriage of Bookout, 833 P.2d 800, 805 (Colo. App. 1991). And we conclude that, under the circumstances, the court’s decision was not manifestly arbitrary, unreasonable, or unfair. See In re Marriage of Hunt, 909 P.2d 525, 538 (Colo. 1995) (“[A]n appellate court must not disturb the delicate balance achieved by

the [district] court in [its] division of property . . . unless there has been a clear abuse of discretion.”).

C. 40th Parallel’s Marital Value

¶ 11 Husband contends that the district court erred by finding that 40th Parallel, wife’s real estate brokerage company, had a value of $25,500. We see no error.

¶ 12 Valuing a marital asset is within the district court’s discretion. In re Marriage of Krejci, 2013 COA 6, ¶ 23. The court may select one party’s valuation over the other party’s, or it may make its own determination. Id. If the court’s value is reasonable in light of the evidence as a whole, we will not disturb it. Id.

¶ 13 The parties’ joint expert reported that 40th Parallel was established with the sole intent of acting as the exclusive listing agency for husband’s real estate projects with the development companies. The joint expert said that if husband ended that relationship, the value of 40th Parallel would be limited to the value of its tangible assets. Wife claimed that this was the most appropriate way to value 40th Parallel. She also testified that husband could terminate their listing agreement at any time.

¶ 14 The court found that 40th Parallel’s business relationship with husband “will end,” and it determined that, in accordance with the present value of the company’s tangible assets, 40th Parallel was worth $25,500.

¶ 15 Husband nonetheless argues that, when determining 40th Parallel’s value, the court failed to consider the potential commissions wife could earn from her listing agreement with husband for the homes constructed by his real estate development company, which could be about $650,000 over the next four to six years. But, as discussed below, the court declined to include wife’s potential future commissions in 40th Parallel’s value because it found, with record support, that the business relationship with husband would not continue.

¶ 16 The court thus acted within its discretion in valuing 40th Parallel based solely on its tangible assets. And husband directs us to no legal authority that required the court to include the potential future commissions in 40th Parallel’s value (or in wife’s income). See In re Parental Responsibilities Concerning S.Z.S., 2022 COA 105,

¶ 29 (declining to address an undeveloped argument); see also

§ 14-10-113(5) (requiring the court to value property as of the date of the permanent orders hearing if it precedes the decree).

D. Other Alleged Property Division Errors

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