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October 2012 Archives

Russell Crowe's divorce could cost him millions

Statistics show that many marriages end before the traditional "death us do part." While the subject of divorce can be a touchy one, the end of a high-profile couple's marriage can be as widely publicized as its beginning. This is particularly the case when A-list celebrities and large amounts of money are involved.

Dispensation of digital assets in a divorce

Colorado residents are spending increasing amounts of time online, creating digital lives and amassing digital assets in the process. Some of these assets might be sentimental in nature, and thus difficult to place a valuation on, while other assets have a real-world value but cannot be easily split between a divorcing couple. In either event, couples increasingly have to decide who gets what digital assets in the case of a divorce.

Child support a major factor in divorce financial decisions

During a divorce, both parties are faced with the task of separating their financial lives. When a child is involved, parents typically try to disturb the child's lifestyle as little as possible. This can be difficult financially, because funds that once supported a single household must now go toward two. Colorado family courts are filled with battling parents attempting to minimize their financial responsibilities related to child support. Good results can come from thoughtful negotiation regarding child support, helping ensure the best circumstances for all parties involved, especially the children.

Think finances, not emotional attachments in property division

There are many wealthy residents throughout the Denver and Fort Collins area, and it's a fact of life that many of those wealthy couples will divorce. For couples that have been married a long time and own many joint assets, those can be difficult to unwind. When going through the divorce process, many important assets, such as art or vacation homes, will need to be divided.

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