Ending a marriage is no easy task. Divorce can be emotionally challenging, and you may feel like ripping off the band-aid is the best strategy. How quickly you complete ultimately depends on how complicated the marriage is as far as property, children, and more.
You know there are requirements to qualify for a Colorado divorce and these establish a minimum length for the completion of the process. One of those factors that can extend the process is the legal separation.
Too many people believe estate planning is only for the wealthy - in fact, a recent survey shows only four out of 10 American adults have a will or trust in place. However, everyone can benefit from planning for how their property and other assets are taken care of after they die.
Without a legal plan in place, estates worth at least $50,000 must go before a probate court here in Colorado where a judge will decide who gets what and how much. Estate planning also gives family members or a trusted agent the ability to carry out your wishes if you are unable to do so while you are still alive.
You’ve worked extremely hard, may have caught some lucky breaks and cashed in on some opportunistic situations to be financially secure. The last thing you want, is to have your estate suffer through high taxes and heirs that don’t know how to manage their inheritance.
The three-estate planning focuses for those with a high-net-worth and estate that needs protecting should be to minimize their estate taxes, safeguarding their inheritance and avoiding the expensive probate process.
Divorce is a significant life decision. It’s often difficult to ask your spouse for divorce, especially if you have children. Many people say that they’ll divorce once the kids grow up or move off to college. This may not always be the best decision for you or your children.
While divorce can be hard on children, studies show that children whose parents share custody fare no worse or better than children with one parent who has sole custody.
Among the many benefits of having a plan for anything is reducing the likelihood for surprises. The same is true when it comes to establishing a parenting plan because it establishes clear expectations for you, your co-parent, and children.
Even the most amicable of divorced co-parents can find tension in trying to manage custody on the fly. In fact, it’s good to be on good terms with your co-parent because it can lead to a more favorable agreement for both sides.
The decision to end a marriage can be traumatic. Grief, anger, fear and anxiety are typical by-products of divorce. It can be easy to get stuck in an emotional cobweb and carry that into the workplace. When you are going through a divorce it can be challenging to separate what happens at home and your professional life. Even without a complicated divorce, the upheaval of a marriage can negatively impact your performance, availability and energy at work.
You have worked hard to establish and develop your career and cannot risk your career advancement. Divorce can be acrimonious, but with the right strategies, it does not have to result in continuous disruptions at work.
Divorce can be a challenging process and like other divorcees, may feel that hiring an attorney to help you would complicate the process. You may be more concerned about keeping the costs of your divorce down or not wanting to take the time to meet with various attorneys to find the right fit.
While this thought process is often well-intended, this is the part where many people go wrong. There are several reasons many people choose to hire a lawyer. Some benefits of hiring an attorney for your divorce include:
When a marriage fails, and the divorce process is started, many people wonder how the money, belongings and assets will be divided when they leave their partner. Colorado is an equitable distribution state which means that marital property is split in an equitable, not necessarily equal, manner.
What this means for you in divorce is that a judge will look at the incomes of each partner, what each contributed and the length of the marriage. Divorce attorneys can help you navigate this process and obtain a fair result.
This month's article is designed to highlight common divorce "myths." So often in our practice a client will mention at least one of these misperceptions. Accordingly, we wanted to debunk the ten most common misunderstandings in family law to empower our readers.
If you enter a marriage with high-value assets, you will want to make sure those assets stay protected. Whether you own your own business, hold high-value stocks or own a lot of real estate, you want to ensure that you don't lose these assets should you and your spouse decide to divorce.
While you may have started with a happy marriage, things can happen that lead to divorce. Here are some tips for protecting your assets in case your marriage ends:
Arrange a consultation with our lawyers to discuss your specific situation. Call 720-541-5873 or fill out our contact form.
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13978 W. Bowles Ave. Suite 200
Littleton,
CO
80127
Phone:
720-541-5873
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Craig,
CO
81625
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Steamboat Springs,
CO
80487
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Grand Junction,
Colorado
81501
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Aspen,
CO
81611
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