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A few things to know before you head for divorce

Divorce is usually a very complicated process that leaves you emotionally stressed and sometimes in a financial bind. While in the middle of proceedings, people often look back and think "I wish I had known this or that at the beginning. Not that knowing these things would have resulted in the marriage lasting, but because they would have been better prepared for the challenges along the way.

If you are considering a divorce, there are things you should keep in mind from protecting your finances to getting the right kind of advice. An experienced divorce attorney in the Littleton area can answer all your questions and help you take the first steps toward a new life. Read further to find out what you should know before heading down the road to divorce.

Dividing retirement accounts in high asset divorce can be complex

If you're getting divorced, there are a lot of things you have to consider. One of them will be how to ensure the fair division of assets between you and your former spouse. Sadly, the greater the overall assets of your marriage, the more likely it is for issues to arise.

Colorado is an equitable division state. Instead of simply splitting all marital assets in half, a judge will typically look over the finances and family history when deciding how to divide your marital assets.

Your autistic child requires careful estate and trust planning

Parents typically want to provide for a comfortable and safe future for their children. This is often a significant factor in why individuals create an estate plan or last will well before they expect to pass on. That way, in case of a sudden medical event or accident, your family will be protected.

When your child has autism, it is even more important to take steps to protect him or her after you pass. Although autism is a spectrum, a substantial number of children who have autism will continue to need special care and guidance throughout their adult life. This knowledge can weight heavily on parents.

Understanding grandparents' rights in Colorado

Grandparents often feel left out of their grandchild's life during family law matters. The challenges of seeing your own grandchildren can leave you full of worry and fear that you may never see them again. During this difficult time, it is important to remember that you have rights as a grandparent.

Understand your rights

Grandparents have rights in Colorado in many situations involving their grandchildren. These scenarios can include during divorce, legal separation, annulment, child custody disputes, paternity and probate cases involving a guardian.

Don't die without a will: Here's why you need one

Do you have a will? If you don't, you are not alone. Roughly half of Americans do not have a will, according to a new survey. The reasons for not having a will include common responses like not having time to make one, not wanting to think about their own death or thinking they don't need to have one yet.

Dying without a will can leave your family and estate in disarray. This is especially true if you have minor children or specific wishes for what you want to happen to your estate. Your family will not be aware of how you want your estate distributed or who should receive your assets and possessions after your death. Instead, the state will be in charge of distributing your assets and deciding who will care for your minor children.

Parenting with an ex? Follow these tips to prevent disputes.

Divorce is never easy. This is especially true when children are involved. Parents face many challenges during divorce and often struggle with how to address the end of their marriage with their children. We've all seen stories about how divorce impacts children and how it can change their relationship with their parents.

Child custody disputes and fights about raising your children can make life difficult for everyone involved. Disputes may happen. When they do, it is best to put your children's interests first to prevent damaging your relationship with your kids. Putting your children first should also help you and your ex have a common goal instead of assuming the worst of each other.

Worried about your finances during divorce? Follow these tips.

Many people need help managing their personal finances during divorce. A new survey found that more than 75 percent of people near retirement do not know how to manage their finances, according to the American Institute of Certified Public Accountants. This is because in most relationships, only one spouse is familiar with their financial plans, leaving the other spouse scrambling to learn and understand how to plan for the future.

In addition to reviewing your financial plans during divorce, it is important to consider the full financial implications of divorce. This includes learning about the tax implications of divorce and how your retirement accounts will be divided under current laws. Evaluating these issues is vital to ensure your new financial plan addresses all issues before your start your newly single life.

Prenuptial agreement upheld in divorce proceedings

A carefully worded prenuptial agreement is almost always a prerequisite for wealthy couples before either will say "I do." While a marriage might of course start out based on deep and true love, the future is impossible to predict, and people can be shaped and changed by unforeseen circumstances. When a vast amount of wealth is on the line, protecting it in the event of a divorce simply makes sense. However, having a prenup will not necessarily keep a couple out of court, as one partner might choose to challenge the agreement's terms or validity.

A multi-millionaire outside of the state of Colorado recently filed for divorce from his wife, who believes that the terms of their prenuptial agreement should not be upheld. According to the 2007 agreement, in the event of a divorce the wife and the couple's two children would move into an apartment while the husband still maintained ownership of the title, which is worth $8.7 million. The wife would be required to leave the residence after the children had grown up and moved out.

Retirement a common concern during gray divorce

Divorce was once thought of as an issue for young couples and not a problem that would necessarily plague older generations. That old belief is no longer a reality with so-called gray divorces seeing a sharp uptick in recent years. However, when divorce comes later in life, there are unique and specialized concerns that might be an issue in completing the process.

The divorce rate for couples aged 50 and older has effectively doubled since the year 1990. With the age of retirement not far off, many who enter the process have trepidations about their retirement fund. Particularly if only one party worked during the course of the marriage, many Colorado couples simply want to know if a retirement account is even possible to include in asset division. In short-- yes.

Caregivers can benefit from spousal support after divorce

Becoming a full time caregiver is no small sacrifice. Caring for elderly parents or young children requires a significant input of both time and emotional well being, and most people who take on this role put their careers on hold. Although this is no doubt a noble sacrifice to make, it can quickly complicate matters in the event of a divorce.

For the most part, Colorado caregivers who do take on the role as a full time occupation are able to do so because their spouse's income is sufficient to support the entire family. With this type of financial support, caregivers can put their own financial goals on hold while they give the type of personal care that is often necessary for vulnerable loved ones. This arrangement can work perfectly fine during the course of a marriage, but the real issue arises when a couple decides to pursue a divorce, leaving the caregiver in a state of financial worry.

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