A key aspect of most divorce negotiations and settlements in Colorado and every other state is asset division. In Colorado, that is carried out in a manner similar to most other states, namely, through what is termed an equitable distribution of property.
A lot of ground has been gained in the fight for same-sex marriage rights across the nation over the past few years. This year, more states passed laws that have made it possible for same-sex couples to get married. The Supreme Court of the United States struck down the Defense of Marriage Act, making it illegal to refuse federal benefits to same-sex spouses.
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Getting divorced can be a difficult and emotional time in a person's life. There are many factors to consider during divorce and with the ever-increasing presence of social media in our lives today, it is important for people getting divorced to understand how social media can impact their divorce.
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.)
When couples in Fort Collins head to the negotiating table to work out the terms of their divorce, among the first objectives is to create a financial settlement that establishes a sense of security for both parties in post-divorce life. For couples going through a high-asset divorce, this process may be rather complex, particularly if one party is trying to protect their holdings.
Many stressful duties accompany the end of a marriage, including asset division, determining child custody and agreeing to a fair settlement. Some divorces run more smoothly than others, but most face at least a few difficulties as people experience this major life adjustment. A high-asset divorce between high-profile individuals may be even more emotionally charged because more assets are at stake and the media tends to take notice.
When a marriage ends, there are many legal considerations to be dealt with, involving things such as child custody and property division. A high-asset divorce carries with it an added degree of complexity due to the extensive assets that need to be divided.
The divorce process is never an easy one, especially when there are a large number of assets involved. A high-asset divorce can be quite a lengthy process. Sometimes during that process, a couple is able to find common ground and move forward without the need to divorce. Such appears to be the case in one high-profile divorce situation.
Any divorce is difficult, and there are always a lot of things to consider. When there is a child involved, child custody becomes the most important decision the divorcing couple will make. Anyone facing child custody decisions should consider all the options and consider the best interests of the child before making any settlement. Readers in Larimer County, Colorado, might be interested in a related news release about reality television star Bethenny Frankel. Frankel recently left her husband of two years, according to the report, and the couple must now make a decision about how best to provide for their 2-year-old daughter.