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...
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High-asset Divorce
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...
Using an appraiser in a Colorado divorce
Most people in the Denver area think of appraisers as individuals who determine the value of a tract of land in connection with a sale of that land. In reality, appraisers can estimate the value of a wide variety of assets, and these skills can be very useful in a...
What are your options for your timeshare property in a divorce?
As you and your spouse end your marriage, one of the more valuable assets -- and perhaps one of the more complicated ones -- may be a timeshare property.Basically, there are three options for dealing with it:The two of you sell it and split the proceeds. One of you...
Could a forensic accountant be an asset to your divorce team?
If your divorce is going to involve splitting considerable assets and debts -- particularly if it involves a complex financial portfolio, you may benefit from having a forensic accountant on your team to work with your attorney and financial advisor.There are many...
Why you need your own financial advisor if you’re divorcing
If your divorce involves the division of a significant number of assets, having a trusted financial advisor is just as essential as having an experienced family law attorney. However, too many people make the mistake of sticking with the same financial professionals...
Certain assets require skilled handling in a divorce
A previous post on this blog talked about how it can be difficult for Colorado residents going through a divorce or legal separation to put an accurate value on their investment real estate.As this prior post discussed, a number of factors come in to play when valuing...
Putting a value on investment real estate
Many couples in the Denver, Colorado, area may make some extra income, or even support themselves, through rental property or investment real estate. Owning extra property can be helpful to a family in two respects. It can be a source of income, and it can also yield...