At the end of a Colorado divorce, many spouses receive a windfall in the form of a cash settlement. This can come from the sale of marital property, or could be a one-time payment in lieu of alimony. Regardless of where the money comes from, where it goes is of top concern. By wisely investing the proceeds from divorce, newly single spouses can build toward a stringer financial future or secure their retirement needs.
Colorado residents may have noted the increase among older people who are choosing to file for divorce. Recent divorce actions between Al and Tipper Gore and Danny DeVito and Rhea Perlman show this trend within celebrity culture, and it can be found within our own social circles, as well. When older couples seek a divorce, they face a set of issues that are different from their younger counterparts. This leads to the need for a different approach when it comes to divorce negotiations.
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.