Financial Planning - Colorado Divorce Source

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The Threat of Divorce is Looming - How to Prepare and Plan

til death do us part, we meant it or so we thought. When you feel all attempts at reconciliation have failed, and it is clear that you are faced with irreconcilable differences in your marriage partnership, it is time to get organized and become knowledgeable about the financial aspects of your divorce.

Help! How do I Pay for Christmas for the Kids During My Separation?

As the holiday season quickly approaches, many families are busy decorating the house, buying presents, and planning for out of town guests for the holidays. Many American families share in these common traditions. One other common tradition is spending more money than we have during the holidays.

Long-Term Effect of a Financial Settlement in Divorce

The financial ramifications of divorce can be quite devastating! However, with proper planning and expert help from a Divorce Financial Planner, a divorcing couple can create a financially equitable divorce settlement and make sure they have the knowledge and tools to rebuild their financial security after the divorce is final.

Establishing Separate Property After Asset Tracing

The increase in value of the husband’s separate property, as a whole, in arriving at the value of the marital estate. From the figure representing several assets’ increase in value, it subtracted the decrease in value suffered by several other assets and considered this "net" increase in all of the assets in determining the value of the marital estate to be divided.

Standards of Value Used in Colorado Divorce Cases

Typically, the standard of value used to value a business for divorce purposes is either: Fair Market Value, which is based on the value in a hypothetical purchase or sale transaction.

Asset Tracing to Establish the Existence of Separate Property in a Marital Dissolution

Under Colorado’s Uniform Dissolution of Marriage Act, separate assets are not subject to equitable distribution. Therefore, a spouse who can establish that assets are separate, to the court’s satisfaction, gets to keep them.

Preserving Separate Property Between Separation and Trial Dates

The time period between the filing for divorce and the permanent orders hearing is often six months to several years.

Forensic Accounting in a Divorce

While most people are not inherently dishonest, divorce sometimes brings out the worst instincts in some spouses. The average financial crime is motivated purely by the perpetrator’s desire for financial gain.

Settling The Financial Issues In Divorce

Crafting an appropriate settlement of the financial issues in a divorce can be a complicated task. Based on my experiences as a mediator and expert witness in divorce cases, couples are often overwhelmed by where to start the process and how to sort through a complicated maze of financial information and competing financial needs.

How Income Taxes Affect Property Settlements

Almost all divorce property settlements are affected by current or deferred income tax liabilities.

Dividing Retirement Assets Upon Divorce

Retirement plans often constitute a material asset to be divided in a divorce.

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