With an estimated 50 percent of all marriages ending in divorce, it may come as no surprise that many couples simply want to get through the process as quickly as possible. However, if the division of marital assets is not undertaken with careful consideration, then the spouses may suffer the financial consequences later. Colorado residents who are preparing to file for a dissolution may benefit from thoroughly reviewing their assets first.
Why postnuptial agreements may alleviate financial distress
Prenuptial agreements define specific, individual assets before a marriage in the event of a divorce. You and your spouse avoided signing one due to its connotative definition of protecting one person's wealth. Now, you head for financial and relationship turmoil, and you wonder about your options had you not signed a pre-nup.
Careful planning can prevent losing retirement hopes in divorce
The end of a marriage is an emotionally and often financially draining time. While one will recover emotional well-being over time, careful planning can help avoid the loss of retirement hopes in the aftermath of a divorce. Colorado residents who are preparing to begin the dissolution process may choose to consult with professionals on how to preserve retirement goals.
Money issues often at heart of marital discord and divorce
The most often repeated statistic regarding the survival rate of marriages is approximately 50 percent. Though there are many factors that play a role in the demise of these relationships, financial management professionals claim that money is often at the root of marital discord. There are likely many Colorado couples who ultimately sought a divorce due to money-related issues.
Child support deception lands officer on wrong side of the law
When parents can no longer maintain a relationship, the well-being of their child usually takes precedent. This includes resolving such issues as with whom the child will reside and which parent will be responsible for making child support payments. When these matters prove difficult to settle, Colorado parents can seek the advice of family law professionals.
