Assets and finances have an inevitable tie with marriage health. They are a main contributing factor in a number of divorces, too. But what about during the divorce process itself? Do couples with more assets to fight over actually end up fighting more often? Asset...
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High-asset Divorce
What is a business valuation and why do I need one in my divorce?
If you and your spouse are divorcing and you share a business, you may have concerns about how you will get your fair share of the asset in a divorce. A business valuation is a tool that can help you and your future ex divide your business. Here is what you need to...
Understanding child support in a high-asset divorce
When parents of minor children divorce, the custodial parent typically gets child support payments as part of the settlement. You may wonder how this scenario changes if you and your spouse have a substantial income. Determining child support If you agree to joint...
Reducing financial loss during your divorce
You have worked hard for your money and probably feel frustrated that divorce threatens to diminish your assets. Even though you will need to split your finances, you can use divorce as leverage to rebuild your wealth. Knowing what to do and which behaviors to avoid...
What happens to the mortgage when you divorce?
When you and your Colorado spouse make the decision to part ways, you need to figure out how to manage any assets and debts you may share. For many former couples, part of this process involves deciding what to do about the mortgage you have on your shared home. Per...
Can you move out of state with your kids after a divorce?
You finally got that big promotion you have hoped for. The only problem – to take it, you will have to relocate out of the state. Making such a change may require significant thought and preparation, particularly for divorced parents with established shared child...
Valuing business interests in a complex divorce
If you are a Colorado business owner and divorce is looming, you may worry about losing your company in the settlement. However, that stereotype often doesn't fit the reality of today's divorce proceedings. Many factors affect how the court views the distribution of...
Significant assets and reluctance to divorce
If you have a high net worth, there are many reasons why you could feel hesitant to bring your marriage to an end. Many people in this position do not have a lot of free time and feel overwhelmed by daily stressors, leading to reluctance with regard to the divorce...
Strategies for dealing with a 401(k) in a divorce
Previous posts on this blog touched upon the fact that retirement accounts are subject to property division proceedings in Colorado. Yet many people may still wonder how the court chooses to divide a fund such as a 401(k). However, what this question does not take...
What happens to our business in the divorce?
Business owners pour thousands of dollars in savings and work tirelessly to ensure that their business is a success. In some cases, married couples own the business together, but sometimes, only one spouse runs the show. In any case, when it comes for a divorce, it...