Maintenance was formerly called alimony. Starting on January 1, 2014, Colorado's statute concerning maintenance will be changed. The judges will have a formula based on the number of years of marriage to determine the amount of post divorce maintenance. You should...
Month: September 2014
Protecting Assets in Divorce – Why Isn’t This Just 50/50?!
Most people think that all assets in the divorce process are divided exactly 50/50. However, property does not have to be divided equally, just equitably and justly. The relevant statute (Colorado Revised Statutes § 14-10-113. Disposition of property) says, in part:...
Protecting Assets in Divorce – Is it Yours or Mine?
There are two types of property in Colorado: 1) Separate Property and 2) Marital Property. Marital property is all property you and your spouse have acquired during the marriage which does not fit into the definition of separate property. Separate property is any...
Protecting Assets in Divorce – Tax Implications
A very common error in divorce settlements is comparing pre-taxed assets to after-taxed assets or comparing assets that are immediately available to assets which are not. Consider all tax implications or you may not be receiving a fair settlement. Consult with your...