Divorce can put a strain on finances for all parties involved. This is especially true in a high-asset divorce, where property division must be carefully considered by family members or the courts. Prenuptial agreements and other documents may help in this process, but in their absence, a court may be expected to rule on dividing some assets. Those who face trouble arranging their finances and dividing assets should strive to understand their rights and obligations under the law.
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.
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.
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.
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.
Most people get married intending to lead a long life together. However, circumstances and people can change, and the end result is often that a couple chooses to part. A divorce is a stressful time for everyone involved. Informing friends and family of the impeding end of the marriage can be an additional source of stress, especially to those who might not have been privy to the strife that led to the decision to divorce.
There has been a nationwide increase in the trend of gray divorces, so-named because the participants in these divorces are over the age of 50. Whether because of changing social mores, financial pressure or other reasons, the 50-and-over crowd is one of the fastest-growing segments of the population seeking divorce.
Generally, no one gets married expecting the relationship to end. Unfortunately, many married people don't want to talk or even think about divorce, and this often leads to problems when the relationship dissolves. The news that Stevie Wonder has filed for divorce should remind our Colorado readers that it's best to prepare for divorce before it happens.
In Colorado and throughout the country, people tend to assume that divorce is easier if children aren't involved. But a recent Huffington Post article poses a question that may be interesting to Fort Collins residents who are going through or considering a divorce. Is the process necessarily easier for couples who don't have kids?
No matter who you are and what your situation is, if you go through a divorce, the process is bound to be painfully difficult. There are potentially complex matters such as the divorce settlement -- which, in most cases, will require decisions from both parties regarding property division and spousal support. But when children are involved, the divorce can be even more trying.