In some cases, married couples come to a mutual understanding that divorce is the best option for them. Although this initial conclusion may not prove contentious, the actual divorce process can become much more complicated. Property division can be quite difficult, particularly if couples have accumulated significant assets during their marriage.
According to Colorado’s equitable distribution laws, assets are to be distributed in a fair manner between both spouses. This law is supposed to help bridge differences between each spouse’s individual incomes. For example, if one spouse has a better paying job than the other, a divorce would create undue financial hardship if there weren’t appropriate considerations built into the law.
Even though the law is supposed to help protect both parties involved in divorce, going through the divorce process alone may not be the best idea. Dividing assets is not an easy task, especially if it is to be done in a fair manner. Attorneys often play an important role in divorce because they understand the law and how marital property can best be divided.
Individuals can choose to go through divorce without legal representation. Some may consider the self-representation route to be an effective way to save costs during divorce. However, if assets and property aren’t divided in a truly equitable manner during a “do-it-yourself divorce,” the long-term impacts can be much more costly. If a custodial parent doesn’t receive adequate child or spousal support, hardship can be created for multiple family members.
Making the right preparations can go a long way to ensure that the divorce process goes smoothly and each spouse has what they need to move into post-divorce life.
Source: The Colorado Springs Gazette, “Do-it-yourself divorce could be cause for regret” Linda Leitz, March 10, 2013
- To find out more about property division, please visit our Colorado family law page.