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When speaking about divorce, people tend to focus on the negative aspects. You may not realize that there are actually some benefits to gain after ending your marriage. Here are a few financial benefits of getting a divorce in Colorado. Control over finances One of...
As an equitable distribution state, Colorado law states that joint assets should be divided in a fair manner in a final settlement. In some cases, this may mean that marital property is split 50/50 between both parties to the relationship. Regardless of how joint...
The state of Colorado generally prefers that parents share custody of their children after a separation or divorce. However, this may not be possible if there is reason to believe that a child could be in danger while in your presence. If you are convicted of domestic...
During a divorce, there can be a lot on the line for both parties. If you're getting divorced in Colorado, you may have a 401(k) that's at risk of getting divided. Understandably, you could find yourself doing whatever it takes to protect this asset. With that in...
Colorado is an equitable distribution state. This means that the division of property during divorce happens in a way the court deems fair. The factors a court may consider when determining a fair division of property include the value of property owned, the financial...
If you're expecting a pension at retirement, you may be less excited about the pension when you and your spouse are heading for divorce. While pensions are not as common as they were in decades past, if you've been promised one from your Colorado employer, you know...
There are more than 1,000 laws that describe the financial and legal advantages married couples possess. You and your spouse can enjoy privileges for income taxes, retirement accounts, social security and even real estate. This causes some people to plan carefully...
Owning a home could deliver the most significant boost to net worth. Not surprisingly, negotiations over the ownership of a house could become contentious during Colorado divorce proceedings. Other times, one spouse may feel fine with giving the other spouse full...
Most people who file for divorce in Colorado tend to focus on the impact that the divorce will have on their children, their basic finances and their immediate situation. However, there's another aspect of divorce that many people overlook: taxes on capital gains. If...
Many parents in Colorado have the misconception that they have to divide up their estate evenly among their children. In reality, there's no law that states you have to divide your estate into equal portions. You don't even have to leave your assets to your children....
