Deciding to divorce can be a hugely emotional process for some people, and while the emotional impact should never be ignored, it is also important to be adequately prepared for all other aspects of ending a marriage. Before filing -- or after, if not done beforehand -- Colorado divorcees are well advised to begin collecting all relevant financial information. The financial implications of ending a marriage can be devastating for those who are ill-prepared for the divorce process.
Divorce can be a difficult process for children to cope with, and understandably so. Joint child custody has grown wildly in popularity as many children in Colorado truly benefit from equal and open access to both parents. However, recognizing both parents as active caregivers is not the only evolution that family law has encountered recently.
One of the richest men in the country finally reached a settlement after divorce proceedings that lasted over a year. Most people in Colorado heard about Citadel's founder and owner Ken Griffin's divorce when it made national news because he and his ex-wife butted heads over the validity of the couple's prenuptial agreement. Griffin, who is said to be worth nearly $7 billion, avoided heading to trial in what might have been an attempt to keep his and his ex-wife's affairs out of the public eye.
It might be true that wealthy couples both achieved and maintained their wealth through careful and constant attention, but that does not necessarily mean that the exact value of any given asset is never in question. When couples in Colorado who share a high net worth decide to end their marriage and file for divorce, it is likely that complex property division will be part of the process. When determining who should receive what, accurate asset valuation can be of utmost importance.
Before the Supreme Court ruling that made same-sex marriage legal in all states, many same-sex couples faced enormous difficulties when trying to legally establish lives together. Although prior to this ruling gay marriage was already legal in Colorado, couples who moved out of state then had to face the reality that their spouses were still not eligible for a wide array of benefits that other married couples enjoyed, including the right to divorce. Even now, same-sex couples continue to face added worries when they decide to end their marriages.