No matter the circumstances, a Colorado divorce can sometimes be an understandably taxing process. When a significant amount of money or assets is added to the mix, coming to an amicable agreement about almost anything may seem just out of reach. However, both parties working together on a complex property division or other debated issue is not impossible at all, and some may find it preferable to warring over certain factors.
Most of the time, a divorce judgment signifies the end of divorce proceedings. However, even though a divorce might be finalized, if one party is less than pleased with the court's decision and order, he or she may appeal. Those in Colorado who have been following the billionaire Harold Hamm's divorce might even already be aware that his ex-wife, Sue Ann Hamm, plans to appeal part of the final judgment.
With rights for gay and lesbian couples at the forefront of civil rights discussions across the United States, same-sex unions have been legalized in many of the fifty states. In Colorado, same-sex civil unions have been legal since 2013, and same-sex marriage was legalized in 2014. While this has presented a previously denied opportunity, many couples -- both same-sex and not -- appear to be abstaining from marriage altogether. When a couple chooses living together over marriage, cohabitation agreements can protect both parties' interests in the event of a divorce..
Splitting up the assets from a marriage involves much more than simply deciding if one party should keep the house or if it should be sold. Especially with high-asset divorces in Colorado, complex property division can potentially hinder divorce proceedings. Ken Griffin, the billionaire CEO of Citadel, is currently dealing with property division issues of his own.
Divorce is not only an emotional burden; it's also a financial one. Most Colorado spouses are used to the luxuries of a two-income household and, most likely, good credit. While former spouses are trying to get their lives on track, they may find that most lending institutions require two incomes to get approved for a mortgage. Here are ways to get approved for a mortgage after a divorce.
When couples in Colorado decide to go their separate ways and end their marriage, they know that they will need to make a plan to divide their marital assets. For some couples, this can be more complicated, as they have a high net worth, often due to one spouse's -- or even both's -- high level of income. Here at Jolein A. Harro, PC, our team has a range of experience to draw upon in assisting families in this situation. Our team is committed to handling the matter fairly and with a mind to the facts surrounding the divorce.
There have been great strides made in equal rights for the LGBT community over the course of the last decade. As a result, many states now allow same-sex couples to legally marry. However, many couples who decide to end a marriage are stuck in limbo if they live in a state that does not allow same-sex marriage. Those in Colorado who may have found themselves in a similar situation may have sympathy for those in such a situation.
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.
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.
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.