Most parents understand the high costs of raising children. However, many parents don’t anticipate the additional financial burden divorce creates, along with raising their kids. Luckily, single parents could save money and still teach their children about the value of a dollar if they look past these three common myths surrounding parenthood and money….
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 family law litigation. The long-term effects are…
Changing a family dynamic is incredibly challenging – for both children and their parents. However, there are circumstances when families must evolve, including times when parents divorce or separate. The need to sort out separate living arrangements will arise regardless of whether the parents were ever married to each other or not. Shifting the…
Divorce is a challenging experience, and it’s easy for a divorce to become much worse if it turns into a legal battle. It makes sense that most couples would try to find a reasonable settlement for both parties without taking the battle to court. However, you need to know how to identify realistic expectations…
You had the idea for the prenuptial agreement long before you and your spouse got married. You knew what you wanted: financial protection. You had a lot more wealth than your significant other. While you were dating, you didn’t worry about it that much. Getting married was a serious step forward, though, and you…
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 a pending divorce. It is essential to understand the possibility of putting a value on…
One of the first steps you need to take when trying to figure out how the courts will split up your assets in a Colorado divorce is to determine which assets are marital property and which ones are separate property. Your marital assets, which may include your family home, are usually subject to division under…
Once you decide to divorce, matters of property and debt division will take over your life. It’s not the only thing to think about during the divorce process, but it will definitely require quite a bit of your attention. Your goal is to make decisions that allow you to remain financially secure during and…
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 $5…
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…