Couples who are working through divorce in Colorado and who also have 401(k) accounts may be surprised to learn that their spouses may be entitled to a percentage of the account balance. The portion of 401(k) accounts that accrued during the marriage are considered to be marital property subject to equitable property division in divorce proceedings. The law allows the withdrawal of the amount ordered by the court without the early withdrawal penalties given in the event that both spouses…

In a Colorado divorce, marital property will be equitably divided between the two spouses. An equitable division is not necessarily equal. Rather, equitable division means that the division of property will be fair. Property that is included in the marital estate and thus subject to division is called marital property, while property that is excluded is separate property. Marital property includes most types of property acquired during the marriage, even if the property was only acquired by one spouse. There…

The division of marital property is often a contentious issue in Jefferson County divorces. This is especially true when it is a high-asset divorce because so much money is at stake, and each spouse may feel that they are entitled to a certain amount. It is understandable if parties become very angry or emotional during the asset division process, but some people become so outraged at the prospect of paying alimony or child support that they turn to illegal means…

Many couples in the Denver area and elsewhere struggle with a handful of issues when they are married. But according to one experienced family law attorney, one issue that has been on the rise is alcohol abuse. According to this attorney, she has seen a “significant” increase in one spouse making an alcoholism claim against the other during the last few years. This attorney says that spouses and children typically make excuses for an alcohol abuse problem in the home,…

The ways in which divorce affects our children are innumerable. Sometimes kids come out unscathed and other times children of divorce go through an incredible amount of emotional distress that can last for their whole lives. While they cope with the ordeal, they may not realize all you’re doing to help them. Child support payments can go unnoticed by many kids who don’t realize all that goes in a divorce. Coloradans may have seen the interview earlier this week when…