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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 ...
The financial and tax issues couples face during and after divorce are often complex. Financial counseling is often necessary. It is common for one spouse to have more knowledge in these areas than the other. Often divorce attorneys, with the assistance of financial and accounting professionals, ...
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 ...
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 ...
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 ...
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 ...
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 other ...
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 ...
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, ...
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 ...
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 ...
For couples who are preparing for divorce, dividing marital property and debts is the primary reason that attorneys are hired. Marital property includes all items that a couple has acquired during the course of the marriage. When spouses cannot agree how to separate the accumulated assets and debts, ...
Being able to accurately estimate your monthly expenses is essential in the divorce situation and in dividing marital property. The amount of child and spousal support (maintenance or alimony), as well as preparing a post-divorce budget, are impacted by your ability to accurately gauge how much you ...
“Maintenance” is the term used by Colorado courts to describe what other states call alimony or spousal support. Temporary maintenance is support paid to a party while your divorce is pending while permanent alimony or maintenance is support paid after your divorce is final. Some of the factors ...
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 ...
Clearly, one of the most important components of preparing your finances and dividing marital propertyfor the divorce is itemizing the assets that you and your spouse have accumulated. Be certain to also include those which either of you may have had prior to the marriage, as any increase in value ...
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 ...
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 ...
IRAs or 401k and Divorce Retirement accounts such as 401(k)s or IRAs are 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. Figuring out the best way to divide retirement ...
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 ...
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 ...
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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Family Law Firm

If you are in need of a compassionate, skilled, and experienced Colorado family law attorney, The Harris Law Firm can help. If you have a legal question about a domestic relations issue, including divorce and the allocation of parental rights, please complete our contact form below. A member of our legal team will be in touch with you soon to arrange a private consultation with one of our experienced attorneys. Together we can find a resolution.
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