Are you trying to keep your divorce informal? Do you wonder why you need a Qualified Domestic Relations Order (QDRO) to divide your retirement accounts? QDROs provide legal safety when dividing retirement assets that are marital property. State and federal law require...
When you get divorced, you typically have both separate property and marital property. Marital property has to be divided between you and your ex. It includes money that you earned during the marriage and assets that you purchased. For example, jointly owned homes and...
How couples choose to divide their property has a lasting impact on their financial circumstances after divorce. Married couples typically live in the same house, use the same bank accounts and share their income with one another. That cooperative approach to...
The debt you incurred as a couple (marital debt) is subject to division when you part ways. Such debts may include your house mortgage, joint credit cards, business loans and other financial obligations you co-signed alongside your spouse. In Colorado, marital debt is...
When divorcing spouses have income that includes commissions, bonuses, stock options and other income besides a straight salary, the division of assets can get complicated. Generally, if a spouse receives a bonus for accomplishments prior to the divorce filing, it’s...
Divorce can be complex and there are numerous different factors to settle. Unless children are involved, the biggest issue most couples have to handle is how to divide their marital property. A significant part of the financial negotiations in a divorce will involve...
When you get divorced, one of the things you have to do is to divide your property. What you may not realize is that your children’s assets, like bedroom furniture and clothing, may also be yours to divide as well. Many of the items your children use every day are for...
The home where you live probably holds a lot of memories from your marriage. It also represents a lot of the income you and your spouse have earned over the years. Not only will you have paid a substantial amount of your income toward your mortgage each month, but...
It’s not uncommon these days for people to still be paying off student loan debt well into their 40s and even beyond. Therefore, if you and your spouse both have student loan debt as you divorce, you’re far from alone. So how do you deal with it? Generally, if you...
Financial security after a divorce is an important goal. You have to know what to expect so that you can plan for the future. Unless you and your spouse signed a prenuptial or postnuptial agreement, the outcome of your divorce will depend either on your negotiations...
