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.
Divorce is more than just the end of a legal marriage arrangement. It's a life-altering event with consequences that ripple across all areas of life.
Although divorcing couples may want to minimize courtroom drama, the subject of child custody might be a sticking point. An attorney that focuses on divorce and child custody might have strategies for avoiding this deadlock.
Couples who are working through divorce in Colorado and who also have 401(k) accounts may be surprised to learn that their spouses may be entitled to a percentage of the account balance. The portion of 401(k) accounts that accrued during the marriage are considered to be marital property subject to equitable property division in divorce proceedings.