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Posts tagged "Property Division"

University professor convicted of hiding assets is sentenced

Couples filing for divorce are obligated to provide an accurate list of all assets. This is generally the case, though some will do so more willingly than others will. Then there are those who succumb to the urge to hide bank accounts, stocks or other assets. This is never a good idea.

Who gets the ring if the wedding is called off?

Coloradans are a down to earth bunch, but it is not uncommon these days to hear about big-ticket weddings or splashy destination weddings on a beach in Mexico or Hawaii. Another increasingly common sight is an expensive engagement ring. Whether it is celebrities posting on Instagram or professionals with successful careers, a big rock continues to be a popular statement.

Professor caught trying to hide retirement funds

Both parties in a divorce are obligated to provide a list of their assets and debts so that marital property can be determined and subsequently divided. Ideally, this is done in an amicable manner where the couple is comfortable with the tally and how it is to be equitably divided. But unfortunately, some spouses engage in attempting to hide or falsify assets.  Hiding or failing to fully disclose assets in a Colorado divorce matter can lead to a case being reopened for up to five years after a decree enters.  There is also exposure to paying the legal fees and costs of the wronged party.

5 financial tips heading into divorce

Marriage is a partnership. Most couples marry for love, but once they settle into routine, it's also about managing day to day living. A marriage is a legal contract, after all, and couples share their assets, their home and their finances. One of the most challenging parts of divorce is addressing marital property and deciding who gets what.

TSPs: Measuring some ingredients in military divorce

Mary Poppins said a spoonful of sugar helps the medicine go down. But where divorce is concerned, things aren't quite so simple. Divorce can be upsetting and frustratingly complicated. If you happen to be a spouse married to someone in the military, the process of dissolving the marriage can become even more complex.

Settling Up: The Mortgage After A Divorce

If you own a home and you are getting a divorce, the chances are that either you or your spouse will need to remove one person from the mortgage. This can present a challenge depending on your circumstances, but it is a very important step that many divorcing couples do not think about. 

Consider Your Financial Reality During And After Divorce

Divorce is fraught with emotion and stress. There is just no getting around that fact. When you are stressed, it is easy to avoid difficult financial decisions and considerations. That's why it is so important to hire experts to walk you through each step along the way. Hiring someone to do the heavy lifting is the best protection you can have against doing something that has long-lasting financial implications.

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