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July 2012 Archives

Second divorces cause greater financial distress

In all divorces, property division can be a difficult and contentious issue. Both spouses may be left feeling poorer than before. But the effects of a second divorce can be far more damaging financially, experts say.

Cruise, Holmes property division may be governed by prenup

Tom Cruise and Katie Holmes reached a private settlement of their highly publicized divorce earlier this month. The couple and their lawyers have taken steps to ensure that the settlement terms will not be disclosed in any public documents. Although the settlement is confidential, news reports indicate that their property division -- including the couple's home in Telluride, Colorado -- was governed by a prenuptial agreement.

Late psychologist pioneered research of divorce's effect on kids

In making child custody and visitation decisions, Colorado courts consider the best interests of the child. In determining that standard, child care professionals and other experts are sometimes consulted. Psychologist Judith Wallerstein, who recently passed away at the age of 90, was one such authority.

Supermodel reaches settlement in child support dispute

Colorado readers may have heard that in late June, former supermodel Christie Brinkley and her ex-husband, Peter Cook, reached a settlement of a child support dispute. When the couple divorced in 2008, Brinkley was awarded custody of the couple's two children. Cook got visitation rights.