The end of a marriage can bring serious changes for both Colorado spouses, especially regarding their finances and plans for the future. Money is one of the most complex and contentious issues to address in a divorce, and it’s prudent to consider long-term implications when making any important decisions. Protecting financial interests is an important concern during and after a divorce.  During the divorce process, it is helpful to keep careful notes of all conversations related to the finances. It…

A stay-at-home spouse often has complete dependence upon their partner for financial support. When the source of income is a family business, both spouses may play roles in the company, but only one might have a working knowledge of what’s going on with the finances. This can work well as long as the marriage is on a good foundation, but it can pose a problem if things shift and the marriage becomes rocky. In some cases, the downfall of the…

The decision to file for a divorce is likely to be an emotional one rather than a financial one. Therefore, even if you are not sure that you can afford to go through a divorce or if you are uncertain about how it will affect you financially, you may decide to file anyway. Alternatively, you may have decided to file for a divorce before losing your job and entering a tough financial situation. If you are currently in the midst…

Going through the marital break-up process can present financial challenges just as it can pose emotional challenges. One financial matter that divorcing individuals in Colorado often forget to address is how to handle life insurance. Here is a look at how an attorney can help with tackling life insurance policies during the divorce process. For starters, an attorney may ask divorcing parties what their intentions were when they initially purchased their existing life insurance policies. The attorney can then help them…

Being married over 20 years has made you appreciate your spouse in many ways. They’ve generally been there for you and provided for you when you needed support. You did the same. However, now that your children are grown and off to college, you’ve found that you really don’t have anything to say to each other. You only ever talked about your kids and their activities. Now, you’re at a loss. You asked your spouse if you could go to…