The house, the investments and the debt -- divorcing couples in Colorado almost always expect to address these types of assets during property division. But when preparing for a divorce, there is one important account that most people tend to forget about. When married couples plan for retirement, they usually do so with both people in mind, stashing any money away in a retirement account a joint asset.
No matter the reasons behind a couple's decision to divorce, virtually all couples in Colorado must go through the same processes to dissolve a marriage. Unfortunately, a wealth of misinformation concerning what divorcees can and cannot do during this process continue to live on and thrive on the Internet, putting some people in potentially difficult situations. Especially for couples who might have to deal with complex property division or other possibly complicated issues, it is important to understand the limits on an individual.
It is not an uncommon custom in the United States for friends, relatives or members of the community to give money to a couple who is getting married in order to help them begin the financial side of their journey together. Couples in Colorado are certainly no strangers to the tradition of gift money being placed inside a wedding card or offered to the couple at their reception. A recent trend has arisen, however, that seeks donations for something very different; that is, others are being asked to help fund a divorce.
Factors in a divorce can range from financial to dissatisfaction with the marriage, as well as anything in between. With most couple's decisions to divorce as unique as individual relationships, it might be reasonable to expect a similar number of divorce filings from both men and women. However, women are actually responsible for initiating the vast majority of divorces, and the trend may be anything but new.