Financial transparency is the foundation of a fair divorce, particularly in high-asset cases involving businesses, investments, or real estate. The penalty for hiding assets in a divorce can be severe under Colorado law, with courts potentially adjusting property division, ordering the concealing spouse to pay attorney fees, or imposing sanctions, such as fines or…
During your marriage, you and your spouse will generate income and acquire assets, as well as potentially acquiring debt. You each have a share in those assets and debts, regardless of whose income purchases what or whose name is on which account. If you choose to divorce, the courts in Colorado will have to…
If you find yourself preparing for a high-asset divorce, it’s important to fully understand what the process entails and how you can protect yourself along the way. Just the same, you’ll want to learn more about any debt you’re carrying, as this also comes into play when divorcing your spouse. Many people who have…
The real estate market in Colorado has shifted drastically in the last decade. Properties that you may have purchased long ago are likely worth far more than what you initially paid for the property. The change in property values poses unique issues to couples considering a divorce in Colorado. One of the most pressing…
Child support in high-net-worth divorces can be difficult to calculate. It can also cause a lot of tension and disagreement between parents Colorado courts typically follow statutory guidelines when determining parents’ monthly child support obligations. However, the courts have the obligation to perform a further analysis relating to the financial circumstances of the parents…
Divorce is often an emotional and complicated process. However, if you are divorcing a high-net-worth business professional, such as a business executive, the divorce process can be much more complex, stressful, and, in some cases, contentious. You would think that having more assets to divide would make the financial portion of divorce easier. However,…
There are mistakes every spouse should work to avoid in a Colorado divorce. The difference for high-asset spouses is that seemingly simple mistakes can have lasting future ramifications. If you are anticipating a high-asset divorce or were recently served by your spouse, protect yourself and your assets. Read the following article about mistakes to…
The division of marital assets can be one of the most contentious issues in any divorce. You can eliminate much of the stress and conflict associated with marital property division by protecting your assets in preparation for your divorce. The following outlines protecting your assets should a divorce be inevitable. For specific case information,…
To receive alimony, which is called maintenance in Colorado, a spouse must request a maintenance award from the court. Colorado’s family courts have wide latitude when determining whether to award a spouse alimony, at what amount, and for how long. This is especially true in high-net-worth divorces. If you are facing a Colorado divorce…
A trust fund can be part of a legacy from one generation to the next. When your loved ones name you as a beneficiary of a trust, they hope that you can benefit from their careful planning. Estate and financial planning professionals frequently advise that a trust represents a good way to protect assets…
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner Kathleen Ann Hogan, who has more than 20 years of legal experience as a Family Law Attorney in Colorado.