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…
Whether the process was amicable or riddled with conflict, ending a marriage is rarely easy for any spouse. After spending years or even decades with the same partner, the idea of starting life over again solo can be incredibly daunting. Divorce is a loss, and as with any loss, it’s normal to go through…
There’s no denying that going through a divorce is one of the most challenging events an adult can face. But for children, the impact of a divorce can be incredibly far-reaching. Divorce affects children of all ages, whether they are toddlers or teenagers. Young children may struggle to understand the changes in their household…
Marital property is subject to division upon divorce. This legal reality tempts some spouses to understate their assets and income, or even hide ownership of certain items altogether. If you are facing divorce and have concerns that your spouse may be holding financial secrets, here are a few red flags to watch out for….
Crafting a successful parenting plan is one of the more challenging aspects of divorce for families. In addition to determining how your children will divide their time between you and your ex, parents will also need to agree on how to handle future key events and decision-making. While it would be impossible to plan…
Today, it’s not uncommon for couples to decide that they want to share their lives together with no immediate plans to walk down the aisle. Often children of divorce themselves, many couples find the idea of marriage to be a gamble or unnecessary for having a fulfilling, long-term relationship with their partner. However, many…
A divorce is usually a stressful experience, both financially and emotionally. In Denver, CO, the situation can get even more complicated if you run into issues with property division. In order to make matters more manageable, it is vital to understand the difference between separate and marital property. What is separate property? Some but…
There are several common misconceptions about retirement benefits earned during a marriage. One common misconception is that at a divorce the employee spouse retains the benefit of whatever retirement accumulations are in his or her name. Another common misconception is that the only way to divide retirement benefits accumulated during the marriage at the…
According to Title 14 of the Colorado Revised Statutes, Colorado is a “no-fault” state. This means that couples can be granted a divorce without one of them having to prove that the other did something to merit ending the marriage. Decisions have to be made, such as child custody and division of marital property….
A parenting plan is usually finalized based on either a court decision or through an agreement between both parties. Even when there is an agreement, it must be adopted as a court order to be enforceable. A formal modification of the preexisting plan also requires court action, either approving a mutual agreement or issuing…