Many couples merge their finances after marriage as two people become one household. Owning things together and having one bank account can simplify things while a couple is married. However, once the couple decides to divorce things get complicated. This is especially true in a high asset divorce. A prenuptial …
Preparing for a High-Asset Divorce: Key Factors to Consider
A normal middle-class divorce is challenging enough. When a couple has millions of dollars in the bank and a lot of assets, splitting it is hardly ever easy. Ideally, a couple worth millions or billions would have a prenuptial agreement in place to determine how assets should be split in …
How to Protect Your Business During a High Asset Divorce in Colorado?
If you own a business, one of the most important things you need to do is protect it. You need to keep it out of your spouse’s hands, which could happen in the event of a divorce. Colorado is an equitable distribution state, which means in a divorce all marital …
Common Mistakes to Avoid During a High Asset Divorce
Ending a marriage is never easy. The processes are the same for all divorces in Colorado, no matter what assets and elements are involved, so that makes things a little easier. However, when it is a high asset divorce, there is a lot more at stake. Just like any type …
Why divorce can be more difficult for women than men
On behalf of Cooper & Tanis, P.C. posted in high asset divorce on Tuesday, August 15, 2017. For Colorado couples, going through a divorce can be a difficult experience. However, the period after the divorce when a person must rely on his or her own finances can be even more …
Preparing financially for an upcoming divorce
On behalf of Cooper & Tanis, P.C. posted in high asset divorce on Tuesday, June 20, 2017. Planning for divorce can be a tricky and difficult process for many people in Colorado and elsewhere around the country. While the emotional and logistical issues can seem especially overwhelming, the financial aspects …
Taxes and fees in dividing a retirement account
On behalf of Cooper & Tanis, P.C. posted in high asset divorce on Monday, April 3, 2017. A Colorado resident who is getting a divorce and who has a retirement account or whose spouse does may need to divide that account. This will require a document known as a qualified …
Protecting a family business in the case of divorce
On behalf of Cooper & Tanis, P.C. posted in high asset divorce on Monday, February 13, 2017. When Colorado residents own or run a family business, they may have no intention of dividing up the associated assets if they ultimately end up getting a divorce. Because approximately 50 percent of …
Older adults divorcing in higher numbers
On behalf of Cooper & Tanis, P.C. posted in high asset divorce on Friday, December 23, 2016. Some Colorado couples may be joining celebrities like Al and Tipper Gore or Danny DeVito and Rhea Perlman in divorcing after decades of marriage. According to the National Center for Marriage and Family …
Angelina Jolie files for divorce from Brad Pitt
On behalf of Cooper & Tanis, P.C. posted in high asset divorce on Friday, September 30, 2016. Colorado celebrity watchers may already be aware that actors Brad Pitt and Angelina Jolie are getting divorced. Jolie filed for divorce from Pitt due to irreconcilable differences. The couple is one of the …