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...
High Asset Divorce
How can you protect your financial interests during divorce?
Many of the decisions you and your spouse must make as you dissolve your marriage involve finances. Like, how you will divide real estate or investment accounts. If there's a need for monetary support arrangements, there will be pressures on each side: what can the...
Marriages can suffer more than one form of unfaithfulness
It is no secret that many marriages end due to a partner's physical intimacy with someone else. While a rendezvous with an additional sexual partner may be cause for divorce, your significant other could cheat financially as well.More than 40% of surveyed Americans...
Children need financial support, and then some
Whether you once described yourself as a hopeless romantic, married someone you got along well with or chose to tie the knot because of an unexpected pregnancy, a change in your relationship status can make you question your previous decisions. If you decide to move...
How will the current health crisis affect existing family law concerns?
Whether you call it the Coronavirus or Covid-19, there is no doubt it has descended on us with very little warning and changed our daily lives in significant ways. Both health concerns and the economic impact have had a ripple effect that has carried into divorce and...
Putting a price on business during a divorce
Entrepreneurs are under a massive amount of stress. Between managing employees, balancing accounts and providing services, business owners have to maintain everything to keep their company from sinking under the competition.It's even more stressful under the weight of...
Determining the real value of art in a divorce
For a decade, you have collected art. Your collection has grown and the value of each piece has also gone up. You didn't necessarily do it as an investment -- you did it because you love it -- but you feel like it was a wise financial move, as well. You spent probably...
Placing a fair value on non-financial assets before your divorce
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...
How do you split your Colorado real estate holdings in divorce?
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...
A high-asset divorce may also mean a large amount of debt
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...