Your spouse may not have legal justification for hiding assets, but he or she may break the law in an attempt to keep those assets from you. It happens. People take a lot of risks where money is concerned. This is especially common in contentious divorce cases, as your spouse may also do it to cause you direct financial harm.
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.
Research tends to point to shortened academic careers for children in divorced families. According to a new study, wealth does not appear to provide a complete counterbalance. Instead, UCLA researchers suggest it may be that financially stable families suffer disproportional academic setbacks.
Colorado follows the "Equitable Distribution" theory to divide disputed marital property during a divorce. However, debt can be difficult to define and divide fairly during a divorce.
When entering a high-value divorce case, there is no reason to go into negotiations alone. Not only can unanticipated costs add up, but you might not be aware of all the money or property that is rightfully yours.
You spend decades building a dependable retirement nest egg, and if you're facing a divorce there are likely numerous questions and concerns you have about protecting those accounts. Your retirement savings represents a significant investment in your future. The prospect of divorce can suddenly create an environment where it can feel like more than your money is at risk, but your future retirement as well.
If you are facing a divorce and own your own business, there are special considerations that you must take into account while dividing up your marital property. Even if you started your business prior to your marriage, you probably won't be able to just walk away with all of your business assets.
If you are in business with your spouse, you have likely dealt with your share of disputes. Even if you drafted a careful business plan, you may have come across issues about which your opposing views could find no common ground. Still, you managed to make a successful go of it, and your company may have grown to provide your family with comfort and stability.
It can be tempting to view the process of property division during a divorce as a way to exact some sweet revenge. Fighting for items that may have sentimental value to your spouse may feel good. To have the chance to deprive your spouse of something special may feel justified, particularly if your spouse is the reason for the divorce.
When you and your spouse started your business together, you may never have imagined that a divorce would be the factor threatening the end of your business. If you are divorcing, your business partnership may also be coming to an end.