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Avoid the DIY approach for complex property division

| Sep 17, 2015 | High Asset Divorce

No matter the reasons behind a couple’s decision to divorce, virtually all couples in Colorado must go through the same processes to dissolve a marriage. Unfortunately, a wealth of misinformation concerning what divorcees can and cannot do during this process continue to live on and thrive on the Internet, putting some people in potentially difficult situations. Especially for couples who might have to deal with complex property division or other possibly complicated issues, it is important to understand the limits on an individual.

While popular do-it-yourself websites like Pinterest might encourage giving life a DIY makeover, divorce is one part of life that cannot be effectively taken care of by a handful of items found around the house or online. That is not to say that the Internet does not have a wide array of valuable information, but there is truly nothing that can replace the careful and personalized guidance of legal counsel who is familiar with a situation. Making serious or significant decisions without the right help can lead to the loss of important assets or even alimony payments.

Divorce is also not a process that can be effectively completed while being rushed. Admittedly, some divorces will naturally proceed faster than others when there is little conflict or few assets to handle, but this is not always the case. For couples who have a high net worth, important assets or multiple properties, slow and steady can certainly help win the race here.

It is important to remember that divorce is more than just ending a marriage, but is also the splitting of previously intertwined assets and finances. In Colorado, complex property division should conclude with an agreement that is both fair and equitable to everyone involved. Without taking the necessary steps or observing proper procedure, one or both parties can come out of a divorce with less than their fair share.

Source: The Huffington Post, “3 Pieces of Divorce Advice You Shouldn’t Follow“, Brendan Lyle, Sept. 2, 2015