A 401(k) retirement savings plan is one of the best employer-sponsored retirement plans that can help you save for your later years. However, 401(k) retirement accounts may be subject to division during divorce. It’s critical that you understand what might happen to your 401(k) during your divorce. How Does Marital Property Work With a 401K…
Divorce is a difficult process. Not all spouses want to get divorced – even after the other one initiates divorce proceedings. But what happens if your spouse refuses to sign divorce papers? Can this stop the divorce? An experienced divorce lawyer can help explain the divorce process and the consequences of an unwilling participant. Colorado’s…
The most valuable asset that many married couples in Colorado have is their home. In some situations, a divorcing couple decides it’s in their best interest for one spouse to buy out the other spouse’s share in the home. Different methods exist to buy out a spouse, but determining the property’s value is the first…
Some types of property are relatively easy to divide. Spouses may agree about their value and how to divide it fairly, or the property can be sold and the proceeds split evenly between them. However, other types of property, including intellectual property, are more difficult to value and divide. Intellectual property represents creative work, and…
Spousal maintenance, often referred to as alimony, is a financial payment made by one spouse to the other spouse as part of a legal separation or divorce. Under Colorado Revised Statutes § 14-10-114, spousal maintenance can be awarded when one spouse needs financial assistance and the other can pay. The spouses can agree to the…
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