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High Asset Divorce Archives

A new year often heralds a new start with a winter divorce filing

The tagline for diamond advertisements is that diamonds are forever, possibly as a lure for couples who are entertaining thoughts of getting married. Unfortunately, though the divorce rate has purportedly slowed over the past few years, the odds of a Colorado couple getting a divorce are still fairly high. In fact, family law professionals claim that the month following the holiday season is the busiest for their practices.

Accurate valuation of business vital during divorce

There are countless numbers of Colorado residents who have spent years building a business from the ground up. It can seem like a cruel twist of fate when the survival of that business is threatened by an impending divorce. One of the best means of protecting such a venture is ensuring that it is given a professional evaluation by a qualified accountant. 

Divorce may result in some financial advantages

A demise of a marriage is seldom a happy event and usually comes with significant emotional and monetary struggles. There are times, though, when a divorce filing can result in a few financial advantages. Colorado residents who are in the beginning stages of a divorce may benefit from a few of these.

Taking proactive measures early may ease divorce process

Though it is often stated that approximately 50 percent of marriages do not last, according to Pew Research, that statistic may no longer be accurate. The divorce rate is purportedly lower than it has been since the 1980s. In spite of the lower divorce rate, if Colorado residents are considering entering into a long-term relationship, they may choose to plan proactively in the event that the marriage or relationship does not last.

A divorce can have serious impact on one's taxes

Once a couple realizes that their marriage has become untenable, there are likely many issues that each individual will want to consider. Many couples who are in the beginning stages of filing for a divorce may not have yet considered the effect this change may have on their income taxes. Colorado residents may have many questions concerning how to handle these issues now, so as to avoid creating a financial hardship down the line.

There are ways to prepare financially for a divorce

Just as the decision to marry may be based on emotions and other subjective qualities, the dissolution of one is often just as emotional. However, in order to best protect one's financial future, it may be prudent to view a divorce with an eye to protecting one's financial health. Colorado residents often have significant assets that could be lost if decisions are made based on feelings.

Court rules in favor of Fidelity executive on spousal maintenance

Couples tend to grow dependant on a certain lifestyle. However, if a marriage ends in a divorce, the income that provided comfortable support is now often expected to serve two separate households while both parties attempt to maintain a certain standard of living. Frequently, if the wife did not have outside employment suitable to sustain her needs, a court will order spousal maintenance. There are likely many Colorado families who have come to rely on these vital monies to provide the support they are accustomed to living.

Financial planning especially beneficial during divorce

Every day, hundreds of couples spend time, money and energy planning the perfect wedding. There may be far fewer couples who have a back up financial plan in the event a divorce becomes a reality. However, in light of the fact that many marriages do not survive, Colorado residents may benefit from having an idea of what they would need financially should they become single in the future.

There are special considerations in a high asset divorce

The end of a marriage can be one of the major stresses in a person's life. While a divorce can be emotionally demanding in itself, attempting to determine how to divide considerable assets may only up the anxiety levels for some Colorado families. However, it may pay off in the long run if certain aspects are taken into consideration during the process.

Man owes more than $299,000 in arrears after 2013 divorce

The majority of people who are ordered to make spousal and child support payments make every effort to meet those obligations. However, there are parents and former spouses who struggle to meet those monthly payments after their final divorce decrees. When Colorado residents struggle with these obligations, they do have options to seek a remedy.

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