Financial Disclosures in Divorce

Financial Disclosures in Divorce

Divorce not only ends a marriage, it essentially separates one household into two. In Colorado, this means the equitable division of a couple’s marital assets and debts. Divorcing spouses in Colorado have two options for dividing their property, bank accounts, and debts. They can form their own agreement with the help of their lawyers and the mediation process, or they can bring their arguments before the judge to decide for them. No matter which way they come to a final…

Should Elderly Divorced Individuals Get A Prenup When Remarrying?

Most people think of newlyweds as young couples moving into new homes fresh from their honeymoon and ready to start families, but statistics show that as many as 50% of single individuals over age 65 remarry. It’s never too late for a fresh start, including finding the person you want by your side during your golden years. With today’s medical advances, many people enjoy good health and remain active far into their senior years. But when walking down the aisle…

What Is the Difference Between a Petitioner and a Respondent?

No one really anticipates that their marriage journey will end at divorce court, but when a divorce becomes the inevitable conclusion to a marriage, the next step is often determining which spouse should file for divorce. Depending on the unique circumstances of the breakup, some divorcing spouses race to be the first spouse to file, believing it gives them either an advantage or the emotional high ground, while others may feel reluctant to be the first to take the step…

Protecting your Child’s Inheritance During a Divorce

Divorce is stressful under any circumstances, but in an equitable division divorce state like Colorado, a parent with a substantial inheritance intended for a child may find that the inheritance becomes a serious point of contention in the divorce, especially if the other spouse is not the child’s biological parent but a step-parent. When a court divides marital assets in a way that’s perceived as fair and equitable to both parties, assets one parent may intend to go to their…

How Much Does a Divorce Cost in Colorado?

Almost no one walks down the marriage aisle expecting the journey to end in divorce court, but the most recent statistics show 3 divorces per every 1,000 Colorado residents in a year. When a couple comes to the realization that divorce is inevitable in their situation, they may investigate the process of divorce in Colorado and begin looking at the approximate cost. While the amount of legal and attorney fees may seem daunting, most divorcing spouses realize they could end…