The division of marital property is often a contentious issue in Jefferson County divorces. This is especially true when it is a high-asset divorce because so much money is at stake, and each spouse may feel that they are entitled to a certain amount. It is understandable if parties become very angry or emotional during the asset division process, but some people become so outraged at the prospect of paying alimony or child support that they turn to illegal means to hide their true financial value. When this occurs, severe penalties can result.
Like the rest of the country, Denver residents are seeing some of the benefits of an improving national economy. While this upturn is certainly good news, it may also have ramifications for couples who have decided to dissolve their marriages, as it can impact court decisions regarding divorce settlements such as asset division, alimony and child support payments.
Many rural Colorado residents’ lives are deeply intertwined in their farms, especially given that they are generally both a source of income and a family’s home. In many cases the farm was inherited from former generations and has deep ancestral roots. Therefore, ensuring that this important property is protected during a high-asset divorce is essential.
Denver divorce proceedings can be very complicated, particularly if highly valuable assets are involved. When millions are at stake, issues of alimony, asset division, and other financial disputes can stretch into years-long court battles, and may include novel legal claims.
Whenever large sums of money are involved in Denver divorce proceedings, things can quickly become contentious. One person may try to protect their interests while the other may feel that they are entitled to a cut of the money. In some instances that may be the case.
Apart from dealing with child-centered issues, asset division is quite possibly the messiest part of any Colorado divorce. Both parties want to ensure that they walk away from the union with a fair and equitable amount, especially when they have large assets to both divide and protect. For many high-profile couples, or those going into the marriage with substantial means, a prenuptial agreement may be the best way to protect their investments should the marriage not work out.
Marriage is most often entered into with high hopes and the best of intentions. Unfortunately, however, for any number of reasons, sometimes a couple may decide it is best to file for divorce. While the decision itself can be difficult, it can be just the tip of the iceberg. Particularly when the couple shares significant assets, there can be disputes over the division of those assets.
It should come as no surprise to readers in Denver that divorces are, at times, long, drawn out affairs. This can be due to any number of factors, including extensive time spent on valuation and asset division, as well as the case itself just making its way through the court system. For celebrities and high-profile couples in particular, there are times when the divorce proceedings and settlement process lasts longer than the marriage itself.