Are you ready to move forward with the divorce process? Do you have a long list of high asset personal property that will come into play? Are you beginning to worry about losing items that you would like to keep?
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.
For some people, a family-owned business is the lifeblood of their finances. The stability that this provides is desirable for many; however, that stability might be shaken if your husband decides the marriage is over. The finances of the business are a huge consideration when you are trying to divide assets, so make sure that you are fully aware of what is going on.
Whether you're the payer of alimony or the recipient of alimony, it's vital that you keep good records relating to these payments. You will want to have these records on hand should any questions arise relating to taxes and/or an alleged failure to pay the alimony.
When people get divorced, there is typically a negotiation over how best to divide the marital property. While this often pertains to items such as your home in Denver, it also applies to other property you and your husband own. For example, if the two of you started a business together, then you will have to work out how best to divide it and your assets. Some of those assets might be in the form of intellectual property, such as a patent for an invention. Like all your other martial property, you, or a professional appraiser, will have to assign a value to the intellectual property.
If you're getting married, it's important to talk about finances with your partner. Many people use the creation of a prenuptial agreement as a springboard for such discussions. A prenup allows couples to formally pin down decisions about finances in a mutually-agreed-upon contract.
If you're in the midst of divorce proceedings, and you have children with your spouse, you will need to create a parenting plan. Hopefully, you and your soon-to-be ex can reach an agreement about your parenting plan out of court and save time, money and prevent stress as a result.
Every family is different, and every husband or wife has his or her reasons for seeking sole physical child custody during Colorado divorce proceedings.
You worked hard to make something of yourself. Much of the time you spent developing your company was when you were with your spouse. Of course, your spouse did not have much to do with it. He worked all the time, and since you did not have children, both of you spent time doing the things you cared about even when that meant not supporting one another.
It's not pretty, but it's real: Divorce makes you angry. You're splitting up, and it's not what you wanted. It's not where you thought your life was going.