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Property Division Archives

Terrence Howard's divorce settlement overturned in court

Many Colorado residents are familiar with the acting career of Terrence Howard. After being nominated for an Academy Award in 2005 for the movie "Hustle and Flow," Howard went on to achieve wide acclaim for his role on the hit television show "Empire." He has made recent headlines, however, for his highly contentious divorce case and his recent victory in court.

Retirement savings factor into the division of marital assets

It is often the case that spouses in Colorado and elsewhere hold a number of misconceptions concerning the property division process. One of the most common involves the access that both spouses have to retirement savings. This is a topic that deserves close attention, since an unbalanced division of marital assets can have a number of negative consequences and can even prohibit an individual from retiring at the desired age.

'Divorce' for unmarried cohabitating couples

There are many reasons why individual couples opt to cohabitate but not to marry. One of the reasons why some couples choose to avoid making their unions legally “official” is that they believe that in the event of a breakup, they will be spared the pain and expense associated with the divorce process. Certainly, if a couple has only been cohabitating for a few weeks or months, this may be true.

Avoiding common financial mistakes during divorce

If you are currently navigating a divorce, you are likely concerned about how your divorce will affect you financially. This is a completely understandable concern. No matter what your income level is or what your level of financial security is, moving from a household in which you are sharing expenses to one in which your expenses are separate necessarily impacts your finances.

Martial property and equitable division in Colorado

If you are getting a divorce in Colorado, there are many things that you should know about the process, starting with how your property may be divided. Since Colorado is not a state with community property laws, you do not get to assume that the split is going to be perfectly equal, allowing both parties to take 50 percent.

Divorcing? Consider this potential New Year's resolution

The holiday season is nearly over. If you are currently pursuing a divorce or plan to file for divorce after the holidays have concluded, you may benefit from considering a very specific New Year’s resolution. The most important aspect of your divorce process involves healing from the breakup of your marriage so that you may seek a happier and healthier future. However, another important aspect of the divorce process involves obtaining a fair divorce settlement as your financial security can dramatically impact your wellbeing.

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