Divorce is a stressful enough experience. Going through a full-blown trial in front of a judge can multiply that stress exponentially. Fortunately, most divorcing couples in Colorado don't need to go to trial.
A few months ago this blog divorce commented on a decline in the national divorce rate that has been ongoing for about three decades. Now a recent analysis of health records and court filings by Colorado Public Radio confirms that Colorado's divorce rate is also falling, and college education may have a lot to do with it.
When a Colorado spouse knows their marriage has come to an end, telling the other spouse they want a divorce can be one of the most difficult things they've ever had to do. A recent column on a national news website gave some suggestions for how to break the news.
Colorado couples with significant assets should exercise great care in liquidating assets in a divorce. There are many factors to consider, including fair asset valuation and tax consequences.
Colorado fans of movie director Michael Moore probably see him as an advocate for the downtrodden. But Moore and his wife, who are in the process of divorcing, are hardly proletarians themselves. Moore's movies have made a lot of money over the years, which may mean a complex asset division process is in the cards.
Colorado football fans know that NFL team owners generally don't hurt for cash. So when one of them gets divorced, the chances are good that the asset division will be a drawn-out, contentious proceeding. But when Indianapolis Colts owner Jim Irsay and his wife divorced recently, they were apparently able to work out a mutually acceptable agreement to divide their property. Their high asset divorce was finalized recently, and the two are now free to go their separate ways.
When a high-profile Colorado couple divorces, they can sometimes keep the details private. In the nation's capital, that's more difficult. In the case of a Washington, D.C. couple who both built successful lobbying practices, their high asset divorce has played out in national news media.
Colorado readers of this blog may have heard that Coldplay singer Chris Martin and actress Gwyneth Paltrow recently announced that they plan to divorce. The couple have been married for 10 years and have two children.
When wealthy people divorce, whether in Colorado or elsewhere, the financial repercussions sometimes go beyond the couple and their immediate circle. That appears to be the case in a divorce currently in progress between a husband and wife who were among the elite of the New York real estate world.
Colorado readers who've been through a divorce know how stressful it can be. One New York woman, who says she was jilted by her husband of 34 years in favor of a younger woman, found a novel way to deal with the heartache: she put together a musical about the experience and put it into production.