What to do in a divorce with jointly-owned investment properties

What to do in a divorce with jointly-owned investment properties

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…

2 ways to protect your retirement plan during a divorce

Divorcing when you have property often means needing to invest a lot of time in litigation or negotiating a settlement. You and your ex may have shared accounts and property, which will mean it takes longer to create an accurate inventory of your marital estate and to divide those belongings. Few marital assets make as much of an impact on your future financial stability as your retirement account. You and your spouse have probably spent the entirety of your marriage…

Driver in fatal 2015 DUI convicted of DWAI

Why do drunk driving laws exist? Three of the main reasons are to keep roadways safer, to punish those who disregard the safety of others and to deter people from driving under the influence. Deterrence is one of the top perceived benefits of drunk driving laws, but many past offenders continue to drive while incapacitated. In 2015, a motorist under the influence of alcohol lost control of his car and collided head-on with another vehicle in Arapahoe County. The driver…

Drowsy driving is a killer mistake on the roads

If you have lost a loved one to a drowsy driver, then you know how serious this issue is. Drowsy driving takes around 1,500 lives annually. Did you know that a shocking 40% of drivers have admitted to falling asleep while driving at least once in their lives? Thinking about that fact, it’s reasonable to assume that many unnecessary accidents occur just because a driver hasn’t gotten enough sleep, has a medical condition impacting their alertness or is drowsy for…

Selling your home as you divorce? Timing is key

For many divorcing couples, selling the family home and splitting the equity is the best choice. It can be nearly impossible for one person to afford to take over the mortgage and handle the property taxes, neighborhood association fees, maintenance costs and other expenses. One question you have to answer, however, is whether you should sell before or after the divorce is final. Selling your home before the divorce is final There are some advantages to doing this. For example,…