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Facebook, Twitter, Instagram, Tumblr, Snapchat, Tinder, Reddit, LinkedIn, Pinterest, Google+, Vine, MeetUp – we don’t have to list very many social networking sites to show that social media has become a big part of our culture. It has permeated every facet of technology – even video games like Candy Crush have social media elements, and every news site and business page contains links to social media. Because these sites have become

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A Qualified Domestic Relations Order, or QDRO (“quadro”), is an order drafted by an attorney that allows retirement funds to be used to pay for things like alimony (spousal maintenance) or portions of marital property during divorce. QDROs can be drafted in one of two ways, known as “separate interest” and “shared payment.” The difference between the two lies on which party’s life expectancy will be used to gauge how the

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Divorce can be a complicated time, and because finances can be confusing and tight following divorce, in some cases it can be a mistake to spring for a new home. But all too often, even in cases where the money is there and a new home is within your grasp, failing to address issues that arise during divorce can turn your new dream home into a financial nightmare. Before you put

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Since January 1, 2014, Colorado alimony (or spousal maintenance, as we call it) has been based on a formula. The starting amount of alimony after divorce is decided based on the duration of a marriage as well as the combined gross income of both spouses. This standard method applies to couples making $240,000 annually or less combined. For couples who meet the income requirements, maintenance is determined to be 40 percent

What would you do if you found out, after 20 years with your spouse, raising a son and flitting back and forth between New York and France that you have actually been divorced for almost the whole 20 years? What sounds like the premise of a Jennifer Aniston (no, no, definitely Sandra Bullock) film actually happened. The couple, Gabriel Villa and Cristina Carta Villa, married in 1994 and apparently, the marriage

Hidden assets create situations where one spouse is inherently being taken advantage of in divorce cases. Especially when one party has significantly more assets than the other, or where the divorce is contentious for other reasons, hiding assets may seem like a good idea to one or both spouses. Assets can be hidden in many ways – false personal loans, lying about tax returns or bills, etc. If hidden assets are

Just about two-thirds of people entering into a second marriage will divorce. For third marriages, the statistic is in the realm of three-quarters. Because of this, it is incredibly important to be prepared to protect your assets when you are getting remarried. First and foremost, the simplest way to keep your divorce settlement and any assets gained from a previous marriage separate is to sign a prenuptial agreement before you marry
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Many couples considering divorce will wonder if they can do it themselves, without the need for legal representation. In some cases, sure – the forms are available online, and the costs of divorce can be brought down if the couple can work it out on their own. However, pinching pennies going into a divorce often can lead to dire financial ramifications later on. The truth of the matter is that it

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Social Security benefits can change drastically when a couple decides to get divorced. Especially in situations where one spouse had a significantly higher salary that the other, or when one spouse stayed at home, one spouse’s benefits could be much lower, which might make it difficult for that person to stay afloat financially once the divorce becomes final. Fortunately, there are ways for the spouse with lesser benefits to receive additional
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That Powerball lottery jackpot got pretty big, didn’t it? At over $1 billion, it was the highest lottery jackpot in U.S. history. And despite the slim to impossible odds of actually striking gold, it is always fun to fantasize about what you would do with all of that dough. But Powerball winner beware – if you are undergoing divorce, you could very well find your winnings sliced and diced by your

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A New Hampshire couple recently found out that divorce, like marriage, is a commitment. After 24 years of marriage, the couple decided in 2014 to divorce. However, something changed, and the two got back together after the divorce had been finalized. So, the couple filed an appeal to get the divorce “vacated,” or thrown out – but they were denied.If you are considering divorce, the last thing on your mind is
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When you are getting divorced in Colorado, you must disclose the value of all marital assets to be fairly divided between spouses. When it comes to ownership of a closely-held business, it is not always simple to value a company for divorce. There are three commonly-used standards that can determine the value of a business: Fair market value: This is how much a business would be worth to a hypothetical, knowledgeable

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In some marriages, the desire to divorce is mutual for both parties. However, this is not always the case; sometimes, one spouse is not quite ready to give up fighting for a failing marriage. And it is a noble idea, to fight for love – what do you do if your spouse wants a divorce, but you don’t? We can only speak to the legal side of things. Under the law,
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It’s 2016 – time flies, doesn’t it? And since it is a new year, many people are going to be making a New Year’s resolution. If you are married and do not have a resolution yet, consider using 2016 as your way of making sure that money does not ruin your marriage. Every January, there is a roughly 33 percent increase in divorce filings. This could be due to a number

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In some divorces, one party has a much higher income and capability to bring in money than the other. This may involve one parent who forgoes a job outside the home to take care of the children, and then has a hard time finding employment after divorce. That is what spousal maintenance is designed to fix. You may not have ever heard of spousal maintenance, but you’ve probably heard the term

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Nobody likes talking about prenuptial agreements (prenups). It’s just about the least romantic conversation you can have with the person you are planning to spend the rest of your life with. And yet, prenups are an incredibly versatile tool for helping someone protect his or her finances if the marriage does not work out or as part of an estate plan. Some fiancés may be intimidated if presented with a prenup

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One of the most difficult parts of a divorce is the financial hit of losing one of the family income-earners. This is doubly true for parents, who not only have to balance monthly bills but also food, clothing, childcare, transportation, education and potentially child support. If you are fresh off of a divorce and your head is spinning trying to figure out how you are going to provide for yourself and

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Colorado is one of the few states that recognize common law marriage. Common law marriage is what happens when a state recognizes a couple as legally married despite a lack of a marriage license. In Colorado, the terms of a common law marriage require that a couple lives together, both parties consider themselves to be married and the couple holds themselves out publicly as a married couple. Even if you do

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If you are getting divorced and wonder what is going to happen to the assets in your Locked-In Retirement Account (LIRA), the good news is that the process is not overly complicated. Like any other marital asset, the funds in your LIRA will be divided according to your state’s policy for division of marital assets. Colorado, for example, is an equitable distribution state, so the funds in the LIRA will be

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Life insurance is used to protect loved ones from the financial ramifications of lost income in the event that a family member passes away. In many life insurance policies, a person will name their spouse as the primary beneficiary, but when the marriage goes south, figuring out what to do with the life insurance policy is very important, and often overlooked in lieu of other divorce considerations such as spousal support

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