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.
Colorado couples who have divorced after a long marriage know how difficult the process can be. When the couple has accumulated a lot of assets, it can be even more complicated. Recently a high-profile couple in the movie business finalized their divorce after being married for 23 years. Fortunately for them, they were able to reach a settlement of their differences.
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.
When Colorado couples decide to divorce, it is best to make every effort to be civil and deal with the other side respectfully and fairly. Acrimonious divorces are expensive, time-consuming and ultimately destructive to families.
Some spouses, anticipating a divorce, will try to hide assets. Unfortunately this is just as true in Colorado as anywhere else. When a spouse owns a business, the opportunities to hide income or assets multiply. A spouse who suspects the other spouse of hiding assets will have to engage in some detective work to find the hidden wealth. A recent article in an out-of-state business journal gives an overview of some of the places to look.
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.
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.
Colorado baseball fans probably remember outfielder Gabe Kapler, who played for the Rockies in the 2002-03 seasons. Kapler went on to play for several other teams, including the Red Sox, and joined a select group when he was one of the nine Red Sox on the field when the team won its first World Series in 86 years, in 2004. Kapler retired as a player in 2011 and is currently an analyst for a TV sports network. Recently he was in the news again-it is reported that he has filed for divorce from his wife, Lisa Kapler, after 14 years of marriage. The Kaplers have two minor children. He has requested joint custody.