Littleton Divorce Law Blog

While social security isn’t capturing mainstream headlines, it’s a critical discussion topic among young millennials and baby boomers. But how does social security link these two different generations?

Both generations expressed concerns surrounding social security benefits during retirement. Are the benefits going to be cut or depleted entirely by the time most citizens hit retirement? It’s a very likely possibility, according to U.S. News.

Unfortunately, when spouses go into business together, they can be so wrapped up in the excitement of the business that they often avoid thinking about or planning for the possibility of divorce. Dividing assets in a typical divorce can be challenging. However, determining what to do with a co-owned family business can be especially difficult because the business is both a financial asset and a job.

Determine the best strategy for your situation

It is frightening and difficult to leave a physically, financially or emotionally abusive spouse. Statistically, abused partners are at their highest levels of risk in the two years after ending the relationship. Once you file for divorce, while you may be safer in your immediate surroundings, the statistical risk to you increases.

That doesn't mean you should stay with an abusive partner just to avoid the potential conflict of leaving. Instead, it means you should take steps as soon as possible to start ensuring your safety as you leave this abusive relationship behind and move on to something healthier in your future. Thankfully, the state of Colorado allows those experiencing domestic violence to seek protective orders that will create legal consequences for your ex if they harass you or hurt you.

Divorce often results in radical changes in many different areas of your life. The average person can expect their living situation to change, as well as their financial situation. Those are just the most common issues, but there are many other transitions and changes that often take place during and immediately after a divorce in Colorado.

With so much going on, people often overlook important considerations that are not officially part of the divorce process. Your estate plan is a perfect example. Far too many people simply overlook adjusting their estate plan during a divorce. They are so focused on the end of their marriage that they overlook this critical area where adjustments and changes should occur to reflect their new life situation.