The divorce process can become lengthy and complicated when the case involves complex, diverse, and high-value assets and income. When looking at what each spouse contributed to the marital estate and what property is divisible, cases can run the gamut from both spouses’ being equally involved in all financial aspects of the marriage to one spouse’s being the breadwinner exclusively while the other is exclusively the homemaker and caregiver.
Along with other common considerations like length of marriage, the contribution to marital property by each party, and the income, employability, and economic situation of each partner, in equitable distribution states like Colorado, other factors are often considered. These include retirement benefits, transfer or encumbrance of assets made in anticipation of a divorce filing (dissipation of assets), the liquidity of property to be distributed, the value of property acquired as gift or inheritance, the ability of the party seeking maintenance to become self-supporting, the reduced or lost lifetime income of one party due to giving up career opportunities during the marriage, the contribution of one partner toward the education or career of the other—whether or not that contribution was material—debts and liabilities of each spouse, and the standard of living established during the marriage. One especially complex issue is whether a spouse’s interest in a trust amounts to a property interest.
We have particular expertise with complex, high-asset cases and can help you understand what can happen – and what can be done – with complicated and diverse forms of income and property when a marriage ends. We can help your case reach a fair financial outcome by preventing spouses from giving up too much or receiving too little, while ensuring that children receive good care. We also have substantial experience dealing with businesses in divorce, helping our clients deal intelligently with division of marital property, while ensuring businesses remain intact, as well as determining income from businesses, as it relates to questions of support.