Well, they're not exactly kids, but, in a sense and to the people who love them, they can certainly seem like children.
"Til death do us part" is a hopeful and even honorable sentiment for couples tying the marital knot who -- at the outset of marriage -- are resolute in their desire to create an enduring union.
Although it is certainly far from routinely being the case, ample evidence exists to show that increasingly more Americans are executing marital contracts either before or following marriage, the intent being to protect their investments and assets in a divorce proceeding.
The adage, "Money leads to unhappiness" might certainly have validity in certain contexts and instances, but evidence in the realm of family law also makes it apparent that having sufficient assets contributes mightily to freedom.
Know what a QDRO is?
In our immediately preceding blog post, we noted that Colorado, along with a majority of other states, provides for the equitable distribution of property in a divorce. That means that there is no legal presumption that all assets either earned or obtained during a couple's marriage are equally co-owned and will be split precisely down the middle in a dissolution.
Colorado residents are more likely to divorce at older ages than they ever did before. Seeing that women are more financially independent than in the past, this trend should not be surprising. (But even with this new independence, women still on average have $34,000 less following a divorce in retirement savings then do men.)
After years of marriage, there are a number of reasons why a Colorado couple might choose to end their relationship. Whether divorce talks begin as the result of long-standing conflicts or two individuals simply growing apart, couples have the same financial and familial concerns to sort out. Knowing this, some may wonder: When is the right time to divorce?
When Colorado couples make the decision to divorce, there are a number of critical legal issues that must be settled in order to move into the next phase of life. In addition to family matters such as child custody, many divorcing couples have to decide what they will do with their house.
When exchanging vows, most Colorado couples probably aren't thinking about divorce. However, things come up and unforeseeable circumstances can lead to the decision to split up. As such, some people rely on the security and peace of mind provided by a prenuptial agreement, largely considered to be a nearly iron-clad legal agreement designating how assets will be divided in the event of divorce.