How to make the best property division choices

| Nov 1, 2013 | Property Division

Going through a divorce can be one of the most difficult events within an individual’s life. Some social scientists believe that the feelings of loss associated with a divorce are even stronger than those that accompany a death. When a partner dies, that loss is final. For those in Colorado who divorce, feelings of loss can linger due to the need to retain contact with one’s former partner. For couples who are entering the property division stage of a divorce, it is essential to acknowledge these feelings and place them within the proper context.

Property division is a process that should be undertaken without emotional influence. One common issue that many spouses face is the urge to get through the process as quickly as possible, in the belief that emotional turmoil will subside once the divorce is made final. However, rushing the decision-making and negotiation portion of a divorce can have serious negative consequences. It is important to take the time to make rational, objective decisions in regard to the division of property.

Another mistake that some couples make is to hire one attorney to process their divorce. This creates a conflict, as one attorney cannot possibly look after the best interests of two distinct parties. While many couples choose this route in the hopes that they might save money, the end result can be devastating to one or both parties.

Colorado spouses who are considering divorce should take the time to research their options and determine which course of action is best suited to meet their specific needs. Divorce is a process, and it will take time to complete the transition from married to single. By making the best possible property division choices, each spouse can move forward with the financial security necessary to build their future.

Source: YourTango, How To Untangle Divorce Costs For Financial Freedom, Stuart Fensterheim, Oct. 22, 2013