When a couple faces the inevitability of going their separate ways, one of the first things they wonder about is how to split their property in a divorce. Second only to child custody, separating assets is one of the most contentious aspects of divorce. While a handful of states are community property states in which the courts consider all assets collected during a marriage to belong jointly to both spouses and divide them 50/50, Colorado isn’t one of them. Instead,…
Many individuals and couples in the Denver Metro area have diversified their investment portfolios to include cryptocurrencies. The digital currency market is quite speculative and extremely volatile – especially in these uncertain times. If you are divorcing your spouse and either of you invested in cryptocurrency, these digital currency purchases can make the asset division process more complex and arduous. Below are some considerations when dealing with cryptocurrency investments in your divorce. Find the crypto can be an issue If…
For many divorcing couples, selling the family home and splitting the equity is the best choice. It can be nearly impossible for one person to afford to take over the mortgage and handle the property taxes, neighborhood association fees, maintenance costs and other expenses. One question you have to answer, however, is whether you should sell before or after the divorce is final. Selling your home before the divorce is final There are some advantages to doing this. For example,…
Equitable distribution laws guide divorces in Colorado. Whether you expected a judge to make all of the decisions or you intend to sit down and negotiate with your spouse, understanding the Colorado approach to property division is crucial. Equitable distribution rules focus on a fair outcome. What is fair depends on your family circumstances and can be drastically different from case to case. If you are the dependent spouse of someone who owns a business, what is fair when you…
Every year, many mothers in the US leave the workplace, staying home to raise their families and support their husbands’ career pursuits. Highly-educated women, especially, make considerable sacrifices to put their careers on hold for homemaking and mothering. Much of society backs up women’s choice to become homemakers. More than half as many Americans believe that mothers are better than fathers at caring for new babies. While both men and women recognize the value of caretaking, it’s difficult to put a price tag…
