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Posts tagged "Divorce"

Know when to seek compromise and when to stand firm in divorce

When you're facing a contentious divorce, it's only natural to develop strong emotions about your former spouse and the dissolution of your marriage. You may find yourself wanting to "win" in your divorce by securing certain assets or terms. While this is a common attitude during divorce, it isn't always the most beneficial, especially if you share children with your ex.

When do you need a forensic accountant in a divorce?

When you divorce, you may want to keep things amicable. Unfortunately, the process of divorce tends to bring out the worst in some people. Although you're hoping to keep things straightforward and fair, your former spouse may be trying to take advantage of you.

Do Prenups Have The Final Say In A Divorce?

So you're going through a divorce and you have an existing prenup. You might be thinking everything has already been decided, so there's no point in trying to change it. Or perhaps the terms of the prenup are keeping you in a marriage you'd prefer to leave. Or on the flip side - you think everything you want is guaranteed because of the prenup, so all will be well when you leave.

Will You Have To Pay For Your Spouse's Debt After Divorce?

It is easy to rack up debt in a marriage. Colorado is ranked 8th among all states in the country for the highest average debt. Between getting new cars, buying a house, finishing off student loans and credit card habits you might end up with a lot of debt when you file for divorce. The last thing you want is to walk away from a divorce paying for your spouse's bad choices. It is important to understand Colorado's laws and how you can avoid getting crushed by unfair debts.

Trust Property in Divorce

In Colorado, Courts will divide and transfer marital property between spouses equitably in a divorce proceeding, see /blog/2016/10/marital-property-division-in-colorado.shtml. Prior to the mid-1980's, Colorado along with many states applied the title rule, which was that whomever had title to property would receive that property upon a separation. As a result, trust assets were generally not included in the division of marital property. In the interest of avoiding unfair property distributions, Colorado has expanded the pool of assets Courts must divide to include all assets, regardless of title.

Marital Property Division in Colorado

In Colorado, marital property is divided without regard to misconduct or fault. The Court does not necessarily divide property evenly, or 50/50. Colorado Courts consider "all relevant factors" in making the decision of how to divide marital property. The Courts attempt to make divisions based on what is fair for both parties.

High-earning women have special divorce considerations

A lot of the conversation around women and divorce revolves around helping women get back on their feet financially. This presumes, of course, that the woman relied on her husband for financial support.

Will I have to pay alimony in my divorce?

In a previous generation, it used to be that men almost always paid some kind of financial support to their ex-wives after divorce. Now, things are different. It's more realistic to think that a woman would eventually be able to support herself financially after her marriage ends.

Is your spouse hiding assets from you?

Dividing up marital assets is one of the many aspects of a divorce. In an equitable property state, such as Colorado, marital assets get divided according to what the court deems as fair, depending on the couple's personal and financial circumstances. In an effort to keep as many assets as possible, some people resort to hiding assets from their spouse.

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