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Property Division Archives

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.

Finances can be managed sensibly during a divorce

For many Colorado residents, it may seem that the end of a marriage is the end of many things, including financial stability. However, a divorce does not need to destroy one's hope of a stable financial future. There are ways to manage finances throughout a dissolution and emerge on solid financial footing afterwards.

Men and women appear to experience divorce in different ways

The choice to marry may be based on a variety of different emotional factors for both men and women. In the event that a divorce becomes inevitable, each partner may react differently based on his or her particular situation. Colorado residents who are facing an impending dissolution understandably experience numerous conflicting emotions throughout the process.

A full knowledge of marital estate may ease divorce process

On the wedding day, couples exchange promises that may include the phrase "Until death do us part." Sadly, approximately half of these marriages will end in divorce court rather than the cemetery. While the process of seeking a divorce can be an emotionally exhausting ordeal, Colorado residents who are dreading the property division aspect may benefit from being as prepared as possible.

Pet custody often more than a division of marital assets issue

For many couples, the addition of a pet to their family can be as important as the arrival of a new baby. That may be why more and more couples are struggling to determine custody of the animal in the event of a divorce. For many Colorado spouses, custody of a dog is more than simply a division of marital assets decision.

Splitting retirement accounts in divorce requires skill; finesse

One of the greatest points of contention for couples who are divorcing is money and how to divide it. The division of marital assets, especially retirement accounts, takes careful planning and finesse to ensure that it is done with as little cost as possible. Colorado residents who are seeking a divorce that will include these types of marital holdings may benefit from careful planning and advice.

There are tips that can make a divorce filing less difficult

When a couple concludes that a marriage is no longer viable, both may feel overwhelmed and uncertain how to proceed. There are some measures that each can take that may make a divorce less taxing on one's emotional and financial well-being. A divorce is a trying experience, and Colorado residents may feel that the process is too daunting to attempt without the guidance of professionals who can provide sound advice along the way.

Experienced support team beneficial during divorce

No one who makes the decision to enter into a marriage plans for the relationship to become unsustainable. While the divorce rate has trended downward slightly among some demographics, there is still a good possibility that a marriage will end in divorce, unfortunately. Even though this is an emotional and financial ordeal for many Colorado residents, the right support team can make the process manageable.

Divorce can have significant impact on retirement

According to recent trends, it appears that the overall rate for marital dissolutions has decreased slightly over the past several years with the exception of one segment of the population: those over age 50. The upswing in the divorce rate for this demographic is often referred to as the "gray divorce" and has increased in numbers during the past two decades. While there may be many reasons for this rise in later-in-life divorces, Colorado residents may benefit from careful planning in order to preserve their retirement options.

It may be possible to protect a business during a divorce

Just as partners do in a relationship, business owners work diligently and make many sacrifices in order to watch their hard work mature into a fruitful enterprise. Unfortunately, while the business may thrive as a result of the effort put into it, an estimated half of all marriages end in divorce. In spite of the end of a relationship, Colorado residents may not have to lose their business in the process.

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