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March 2018 Archives

Property division: Dealing with complex assets during divorce

Many individuals in Colorado and elsewhere invest a great deal of time and money into preparing for life after retirement. While forming a strategy for this period in life may be essential, covering every possible scenario could prove difficult at best. For individuals who are going through a divorce, understanding how the process of property division might impact their retirement plans could help them avoid potentially devastating consequences.

Is your prenuptial agreement invalid?

Prince Harry has made the bold move of foregoing a prenuptial agreement in his marriage to Megan Markle. This decision may be a political one that is steeped in tradition, but what about those of us who don't have to worry about the body politic? Perhaps a prenuptial agreement is one of the smartest financial moves we ever make.

High-asset divorce: Social media and emotions may not mix well

When it comes to social media, many individuals in Colorado make use of this platform to provide content regarding a variety of life experiences. While one may wish to keep loved ones or followers informed on his or her day-to-day operations, certain situations may require some level of caution. For example, individuals who are going through a high\-asset divorce may find it advisable to take care with what they post, as the statements they make could have devastating consequences.

Child custody: High levels of conflict can be harmful for kids

Although the end of a marriage can be an emotional process, for parents in Colorado and elsewhere, these feelings ease with time. However, for kids, the impact of divorce could prove somewhat more troublesome, especially if they are subjected to high levels of conflict throughout this period. While negotiating an amicable child custody agreement can be a stressful experience, parents might find it beneficial to consider the impact their behavior could have on their kids.

Safeguarding one's financial future during a high-asset divorce

Individuals in Colorado who are going through the end of a marriage may face difficult decisions that could have an impact on the rest of their lives. For those who possess considerable assets, taking steps to prepare for a high\-asset divorce could prove vital, as they may have a lot more at stake in the process. However, many may lack the necessary experience to handle a similar circumstance, and they might be uncertain where to turn for guidance.

Dividing a business in property division needs business hat

Divorce is typically a challenging process, regardless of the value of assets to be divided. Advisers in Colorado might say divorcing spouses should leave their emotions at the door during the property division process, and that advice is never more valuable than when there is a family business involved. This is one time when the focus must be on the future rather than on the past.

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