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Phone: 303-731-6227
Toll Free: 866-604-2791

August 2014 Archives

Important considerations for asset division in divorce

Colorado couples who are divorcing will need to consider how to divide assets. That division will depend upon a number of factors including the debt burden, the present needs of the individuals, retirement and more. Many people do not realize that when debts are divided, approval by the court of the property division does not necessarily remove the party who is not taking them over from liability. Before the divorce is finalized, individuals need to work with creditors to ensure that debts have been placed in the proper name. Otherwise, even if a court assigns debt to one individual, if the other spouse's name remains on the obligation, that individual can still be pursued for payment.

Understanding the establishment of paternity and child support

Colorado fathers may be interested in state laws and guidelines regarding paternity and how it is established. The effects of determining paternity, including responsibilities for child support, can benefit the child greatly in many cases.

Decisions about prenuptial agreements

Colorado couples who are considering a prenuptial agreement must decide whether they actually need the agreement and whether they are ready to have a potentially difficult conversation. While it is ideal for couples to be able to discuss their finances openly, individuals may not feel comfortable with the topic of divorce or the financial specifics of a prenuptial agreement.

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