Divorce is often an emotional and complicated process. However, if you are divorcing a high-net-worth business professional, such as a business executive, the divorce process can be much more complex, stressful, and, in some cases, contentious. You would think that having more assets to divide would make the financial portion of divorce easier. However,…
Businesses are assets that must be assessed during a Colorado divorce. Whether a business is a marital or separate asset depends on a few factors. If a spouse established the business before marriage or inherited it prior to the marriage, and the business has not grown in value, the company will be considered separate…
Dividing assets in a Colorado divorce can be complicated. However, property division is especially challenging when a business is involved. Colorado is an equitable distribution state and many complex considerations and determinations must be made when a business owner divorces. The business must be classified as separate or marital property. In many instances handled…
If you are considering divorce, you likely have questions about how your assets will be divided. The first thing to know is that Colorado follows the principles of equitable distribution in divorce. Assets acquired during the marriage are considered marital property. However, they won’t necessarily be split equally between the parties. Instead, they are…
Colorado recognizes both legal separation and divorce. Under Colorado Code Section 14-10-106, if either spouse requests that the court declare the couples are legally separated, rather than dissolving their marriage, the court will “grant the decree in that form unless the other party objects.” What this means in plain English is, if both parties…
Going through a divorce brings about significant changes for spouses but also profoundly impacts any children involved. Their well-being hinges on parents managing the emotional and psychological fallout that these familial shifts can bring. Given their potential vulnerability, it’s crucial to put in place protective measures that shield your kids from the stressors of…
There are several terms used when discussing child custody in Colorado. Before delving into how shared custody affects child support in the state, it is vital you understand these custody terms. A thorough knowledge of Colorado custody language will help you avoid confusion when discussing your child support case with others. However, the best…
Alimony, called maintenance in Colorado, can be a major point of contention in a divorce handled by specialized divorce lawyers in Denver. Maintenance payments are typically meant to bridge a financial gap between divorcing spouses and allow the lesser-earning spouse an opportunity to become financially independent. For example, if one spouse leaves the workforce…
A prenup or prenuptial agreement is a legal contract between two people before marriage. Prenups define each party’s property rights and outline the distribution of assets, income, and liabilities in the event of a divorce, separation, or death. There are many reasons couples choose to sign prenups. Whether you are contemplating marriage and are…
Families are forever changing. As families grow and age, so do the needs of family members. Some family circumstances necessitate a modification in child support payments. If you are considering a Colorado child support modification, read the following. Then, seek the guidance of an experienced Denver child support attorney. When Can a Colorado Child…