Those who have business interests need to take special care during divorce. In addition to taking steps to better ensure operations continue with minimal impact from the divorce, they must also work to ensure they retain ownership after the divorce. This is possible. The business owner can retain ownership by giving up another asset of similar value. But what is the value of the business? This question has arguably never been harder to answer than it is right now. Businesses…
You have spent your entire career building up your wealth and accruing valuable assets. If you know that a divorce is imminent, then, you are probably considering all of the options available to you that could help you to navigate the divorce process as smoothly as possible. Before filing your divorce petition, it may be a good idea to take a moment to consider the advantages and drawbacks of hiring a private judge to administer your divorce. Are private judges…
When you need to split up your property with your ex in a divorce, your objective should be a solution that is fair to you both. After all, that is the approach that the courts will take if you litigate the property division process. Colorado’s equitable distribution statute requires that the courts look at each spouse’s personal financial circumstances and their contributions to the marriage to determine what is fair and equitable for each of them at the end of…
Couples looking to diversify their investment portfolios or generate passive income may buy real estate together. Unimproved land and residential properties alike offer opportunities for ongoing income or a return on the investment when you sell the property. If you acquired multiple pieces of real property during your marriage, those valuable assets can quickly complicate the process of dividing your property. What will happen to those investment properties during your Colorado divorce? There are multiple ways to handle properties other…
If you are getting older and have decided that your marriage isn’t working out, you may be one of many Americans who choose to go through a gray divorce. These divorces, referring to divorces involving people over the age of 50, used to be taboo, but they’re becoming more common over time. Divorcing is a way to separate yourself from a spouse you no longer connect with on an emotional level. It’s a way for you to move on with…