Financial Issues
Perhaps one of the most complex, difficult things to handle in a divorce is finances. Even the most cooperative, amicable divorce will still require a division of property, which may be a lengthy and time-consuming process without the help of a good attorney. Even the best case scenario will include dividing between marital and separate property, debts, assets, inheritances. And these are not even addressing the complexity of alimony/maintenance or child support. Post-divorce finances are, in short, deeply complicated.
However, the more information you are equipped with, the more you can prepare yourself for the complex issues that arise during and after a divorce. The Harris Law Firm has prepared a compendium of resources regarding the different concerns of post-divorce finances. For example, our resources include articles on investigating assets, how divorce affects your credit, and how to manage your legal costs.
Financial Issues
In many marriages, financial matters are the responsibility of one of the two spouses. When a separation occurs, the spouse not active with the finances during the marriage is often overwhelmed when it comes to dealing with their financial situation on their own. Financial counseling can help limit ...
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Financial Issues
By Peter Goldstein The financial and tax issues couples face during and after divorce are often complex. Financial counseling is often necessary to plan for the future, and expert advice may be needed to sort out the marital affairs. It is common for one spouse to have more knowledge in these areas ...
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Financial Issues
In Colorado divorce cases a party may win an award of attorney’s fees in two different situations. One situation occurs when a disparity of earning capacity exists among the parties in the case. The second situation is based on the improper conduct of a party within the context of a pending domestic ...
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Financial Issues
In a dissolution of marriage action, both parties are responsible for providing each other, as well as the court, information regarding the value of their assets. Gathering all available documentation of assets accrued during the marriage and properly dividing marital property is crucial to ...
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Financial Issues
Divorce can be financially difficult for both parties, and oftentimes, children suffer due to drastic changes in disposable income after divorce. If you are a newly divorced woman or man and are now forced to enter or re-enter the workforce to provide for your family, you may be experiencing ...
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Financial Issues
Are Diamonds Really Forever? The giving of an engagement ring in anticipation of marriage has been a long held and universal tradition in western culture. While popular culture has highlighted the romantic act of giving an engagement ring, never have we been privy to the legal fights which occur ...
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Financial Issues
One of the most important aspects of a divorce proceeding is division of marital property . Of course, in order to do so, parties must be apprised of what assets comprise the marital estate. 16.2(e)(1) of the Colorado Rules of Civil Procedure begins: Parties to domestic relations cases owe each ...
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Financial Issues
Going through divorce is difficult enough, but discovering your credit has been damaged in the process adds insult to injury. The risk of losing credit is just one of many reasons to seek financial counseling when going through a divorce. Many an unsuspecting divorcee’ realizes after-the-fact ...
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Financial Issues
Be Informed: While your attorney can guide you and answer your questions, there is a wealth of information readily available to you. Read books, explore the Web, review courthouse publications. Be Organized: Most often, your legal fees are billed by the hour. When you communicate with your attorney, ...
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Financial Issues
Going through a divorce is a very difficult time. And when it comes to dividing marital property, Buying, selling, and financing the purchase of real estate can also be a very stressful and difficult time. And so it goes – the combination of these life-altering events can create a real ...
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Financial Issues
Aside from determining child custody and support issues, dividing assets in divorce (and debt) is the most important (and, often, time-consuming) aspect of divorce. In Colorado, the division of property and other assets basically comes down to marital and separate property. Determining which ...
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Financial Issues
Updated 1/29/2021 Being able to accurately estimate your monthly expenses is essential during a divorce and when dividing property from the marriage. The amount of child and spousal support (aka maintenance or alimony) are impacted by your ability to accurately gauge your cost of living in a typical ...
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Financial Issues
While Colorado divorce and child custody cases can be costly, The Harris Law Firm will work with you to ensure that you receive the highest quality legal representation in the most cost-effective manner possible. The degree of conflict between the parties is the single most significant factor that ...
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Financial Issues
There are numerous debt issues involved in dissolution, ranging from payment on the mortgage for the family home, to credit card debt. When debt is a factor in dividing marital property, ot only do you need to consider the monthly payments that are due in your expense listing, but you need to ...
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Financial Issues
Income is typically shown on pay stubs, W-2 forms, and benefit statements, such as pension, annuity or social security statements. However, for those who are self-employed, those who work in a cash-based business, and those who receive gratuities or tips for their services, the calculation of income ...
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Financial Issues
401ks and IRAs in a divorce- Dividing Retirement Accounts with a QDRO Retirement accounts such as 401(k)s or IRAs are often considered marital property and therefore are subject to division in a divorce. Because these plans are tax deferred, there are rules in place to restrict early withdrawal. ...
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Financial Issues
An area frequently overlooked in divorce negotiations is that concerning college expenses. Colorado law in this area has changed numerous times over the years, so you can’t rely on your friend’s advice who went through their divorce ten years ago, as the law was different then. Because the law is ...
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Financial Issues
Once a Colorado divorce case is filed, the law requires that both spouses make full and honest disclosure of all of their assets and debts to the other. If one spouse suspects that the other is hiding information, there are a variety of tools available to obtain the information during the divorce ...
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Financial Issues
Aside from issues concerning children and the allocation of parental responsibility, financial issues are often the most trying for couples dealing with a Colorado divorce. Although the dissolution of marriage is difficult, there are a number ways to simplify the division of marital assets and ...
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Financial Issues
