Divorce should be a process in which two ex-partners divide assets in a fair and agreed upon manner. Unfortunately, it doesn't always work that way. If your partner is under-reporting assets, a solution may be at your fingertips.
There may come a time during your marriage when you begin to wonder if things are going to work out over the long run. In other words, you begin to think about divorce and how it could change your life for the better.
When spouses realize that it is time to file for divorce, it may seem like a blessing that they chose to create a prenuptial agreement, if they have one. However, simply having a prenuptial agreement in place does not guarantee that a judge will honor it, depending on the nature of the terms in the agreement and the way the spouses created it.
If you finally decide that your marriage is no longer working, you'll want to learn more about the divorce process. For many, this can mean a focus on mediation to start.
When a couple chooses to divorce, especially when the divorce involves significant assets or standing in the community, keeping the matter private is both crucial and complicated. In general, family court documents are public records, meaning that whatever happens in the courtroom is available to anyone who wants to review those public records to find it.
Colorado law dictates that spouses must honestly report all of their assets, debts, expenses and income during divorce proceedings. However, it's very tempting for a spouse to squirrel a little bit -- or even a lot -- of cash away that they don't reveal during divorce proceedings.