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Posts tagged "Divorce"

Why should I consider a prenuptial agreement?

Many residents of the greater Denver area may think of a prenuptial agreement, which can also be called a premarital agreement, as very unromantic. Others may see these types of contracts as a way for someone who is wealthy and prominent to take advantage of a significant other with less leverage, perhaps in order to make sure that in the event of a divorce, the wealthy person comes out on top.

Being in the dark about finances could be an issue in a divorce

Every married couple in Colorado handles finances differently. Sometimes both partners share in the financial decision-making and have an equal understanding of the state of their marital finances. However, some couples delegate such duties to one partner only. While this may seem practical, it does leave the other partner in the dark when it comes to their marital finances, which could become an issue should the couple later divorce.

What terms are unenforceable in a Colorado premarital agreement?

Sometimes, couples in Colorado and elsewhere do not enter into a premarital agreement before walking down the aisle. They may think that the notion of deciding in advance what will happen if they divorce is not only unromantic, but also that it is a sign that one or both parties are not committed to making the marriage last.

Why might a prenup be challenged in a divorce?

When a couple in Colorado chooses to execute a prenuptial agreement, after hammering out their financial issues, they often can come to an agreement that initially they are both satisfied with. However, things do not always stay so rosy. Sometimes a couple's marriage hits the rocks, and when divorce is on the horizon due to animosity or other issues, one spouse will challenge the prenup saying it should not be enforced.

Is it always worth it to fight for the family home in a divorce?

Home may be where the heart is, but when a couple's relationship comes to an end, each party may find that they are at war over who gets to keep the house. After all, the family home may be one of a Colorado couple's largest assets, so when divorce gets messy and each spouse wants to feel like they "won", the family home can become a source of contention when it comes to property division. However, despite the memories and emotions attached to it, is it always wise to keep the family home after divorce?

Are there any alternative ways to pay spousal support?

When spouses in Colorado divorce, they expect that once the final papers are approved by a judge, they can each walk away as separate individuals into their newly single lives. However, sometimes certain divorce issues tie a couple together even after they have ended their marriage. One of these issues is alimony.

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