When it comes to divorce, many Colorado spouses bemoan the negative impact that the change in family structure will have on their finances. Issues of property division can decimate one's savings and investments, and issues surrounding alimony and child support can also pack an expensive punch. However, according to one recent report, some high-earning couples could walk away from divorce with significant tax savings.
Sports fans in Colorado may have followed the drawn-out and highly contentious divorce between Dodgers baseball team owners Frank and Jamie McCourt. Their marriage ended in 2010, when Jamie McCourt agreed to a divorce settlement that paid her $131 million for her community property claim with respect to ownership of the team. However, it appears that the couple is headed back to court nearly a year following the end of their divorce process.