The decision to file for a divorce is likely to be an emotional one rather than a financial one. Therefore, even if you are not sure that you can afford to go through a divorce or if you are uncertain about how it will affect you financially, you may decide to file anyway. Alternatively, you may have decided to file for a divorce before losing your job and entering a tough financial situation. If you are currently in the midst…

Going through the marital break-up process can present financial challenges just as it can pose emotional challenges. One financial matter that divorcing individuals in Colorado often forget to address is how to handle life insurance. Here is a look at how an attorney can help with tackling life insurance policies during the divorce process. For starters, an attorney may ask divorcing parties what their intentions were when they initially purchased their existing life insurance policies. The attorney can then help them…

If you are a female entrepreneur who owns her own business, you probably have successfully passed many hurdles to your success. But one particular obstacle may have you worried about the viability of your business — divorce. No one should feel forced to remain in a bad marriage in order to preserve their business ownership. Yet, your business could indeed be at risk for division in a property settlement. What can you do? Read on for some concrete suggestions to…

Being married over 20 years has made you appreciate your spouse in many ways. They’ve generally been there for you and provided for you when you needed support. You did the same. However, now that your children are grown and off to college, you’ve found that you really don’t have anything to say to each other. You only ever talked about your kids and their activities. Now, you’re at a loss. You asked your spouse if you could go to…

Divorcing couples in Colorado and around the country are often unprepared for the financial consequences of ending a marriage according to a study published on Jan. 14 by Fidelity Investments. After surveying 1,107 divorced Americans between the ages of 25 and 75, the Boston-based financial services company discovered that it takes about five years on average to recover financially from a split. However, getting back on track can take much longer when spouses are not involved in day-to-day financial decision…