As many couples in Colorado likely realize, tax day is right around the corner, and some of these couples may have already started or even finished their taxes. According to accountants and financial advisors, tax season can be a rough time for many couples, especially if they are in the process of getting a divorce.
Divorce is very likely the most complex legal matter that people attempt to handle on their own. What people who attempt a "do-it-yourself" divorce quickly learn, however, is that divorce is not easy. In addition to the many complex legal questions, like child support, marital property division, alimony and child custody concerns, emotions have a way of clouding people's judgment.
Many people think of alimony as something that a husband pays a wife after divorce, although the legal trend has moved toward requiring the family breadwinner to pay spousal support regardless of gender. If a wife in Colorado makes more money than the husband, then the husband would generally be equally as entitled to spousal support as a similarly situated woman where the husband makes more.
Often, only one spouse acts as the primary manager of household finances. However, it is important for both partners to keep abreast of income and spending during a marriage in order to make sure that when divorce comes along, one is not left with half of a bill that has been years in the making. This can be especially true in high asset divorce.