Denver Legal Blog

As a small business owner, you want to protect your livelihood. You have spent many countless hours nurturing your business and transforming it into the thriving source of income it is today. For many people, and especially now as more individuals start to work for themselves, their businesses are their most important and most financially significant asset.

Like many other small business owners in Colorado, you could someday face divorce. No one plans to be divorced, but research shows that up to 40 percent of marriages end in divorce. If the business is included in the financial settlement of the divorce, it can have a big impact on its future profitability. Luckily, there are strategies that you can implement to protect your most important asset.

Divorce is difficult for every member of a Colorado family. There are complex emotions involved and sensitive issues to address, including property division, child custody, spousal support and more. Fortunately, there are ways to resolve disputes and work through difficult issues without resorting to litigation and courtroom battles.

For many couples, it is possible to reach a final divorce order through various methods of resolving disputes. Alternative dispute resolution is not for every situation, but it could be the right option for you and your soon-to-be ex-spouse. If you wish to keep your divorce out of court, you may start by understanding more about various methods of ADR.

If you are thinking about divorce or you have already begun the process, it's safe to say that you no longer feel the same way about your spouse as you once did. However, if you and your spouse have children together, you undoubtedly still want to raise your children to be happy and secure people, although you may have concerns about how this can work.

The hope is that parents will be able to work together to raise their children, even if the marriage is over. The courts in Colorado recognize parental responsibilities and the best interests of the child as the core elements to consider in child custody decisions.

When divorcing couples try to divide marital property, the family home is typically a major point of contention. After all, it's most families' biggest financial asset, and many divorcing spouses have a strong emotional attachment to the home. So who gets the home in divorce? And is there ever a situation where it's best to let it go?

Is it worth fighting over?

When going through a divorce, you can generally choose whether you want to collaborate with your former partner or leave the division of property to the court. If you and your former spouse can come to an agreement without involving the courts, everyone is usually happier and less stressed.