Divorcing Colorado couples have many financial aspects to consider. Not only do they have to determine how to divide their home, property and basic assets, but they also have to determine how to divvy up other potential sources of income. A common account that is divided during a divorce is a retirement plan. Different strategies will work for different couples, but there are some basic guidelines that can help most people.
Colorado families may see their divorce impact the economy
When Colorado couples make the decision to divorce, they may not be aware of the financial implications. Those who have a great deal of assets may even have more to contend with, as they try to determine how to divide marital property that can include homes, money and valuable personal property. Researchers have suggested lately that divorce can have both positive and negative effects on the national economy for many reasons, particularly when those divorces involve a significant amount of assets.
Colorado same-sex couples can consider cohabitation agreement
The Colorado Civil Union Act has not been in effect for very long, but it's benefits are already helping many families. Partners who happen to be of the same gender can have a civil union and are now able to enjoy the same advantages that married heterosexual couples do. This also means that same-sex couples can pursue a dissolution of their union, more commonly known as a divorce. We here at Jolein A. Harro, PC are more than willing to assist couples of all kinds with this important process.
