When a divorce involves significant assets, the process can quickly become complex. Preserving your wealth through the divorce negotiation process is difficult to do on your own, especially if you and your spouse struggled to agree on things related to your finances during the marriage. Consider hiring our high asset divorce attorney in Greeley, CO, to represent your interests.
Hiring just any attorney to represent you in a divorce that involves significant amounts of wealth can lead to difficult negotiation sessions. The Cossitt Law Firm has extensive experience with divorces involving large bank accounts, rare collectibles, multiple properties, and business assets. Contact our Greeley high asset divorce lawyer today at 970-488-1887 to discuss your case.
We understand that going through a high asset divorce is stressful on its own, because of the money and properties involved. However, depending on your status in the community, it can be even more stressful worrying about the details of the divorce becoming public knowledge through open court proceedings. Trust that our high asset divorce attorney in Greeley, CO, understands this. When you eventually file for divorce, this act becomes a part of public record, so we cannot prevent people from learning about the divorce. However, we can work to keep the details of the divorce negotiations out of the public eye.
We will do whatever it takes to try to solve everything through negotiations before we need to file the notice of divorce with the Weld County 19th Judicial District Court in Greeley. Once we have a negotiated settlement in hand regarding division of assets, parental responsibilities, child custody, and other key items, we then can file the paperwork with the court. At this point, the filing for divorce does become public record, but as long as we have a fully negotiated settlement in hand, we will not have to go through property division hearings in open court. If the media doesn’t have the ability to report on contentious arguments during open hearings, your divorce likely will not generate significant coverage.
We understand that it’s easy to say that we will negotiate a settlement to keep the case out of the media. We also know that it takes two sides to be able to come to a negotiated settlement. Just saying that we will reach a negotiated settlement isn’t enough. At The Cossitt Law Firm, our past experience shows that we know how to keep negotiations moving forward, using a few different techniques, depending on the circumstances related to your particular case.
Ultimately, the key to a successful negotiating process is knowing when it’s time to make a concession to your ex-spouse and when it’s time to stand firm about your desires for the outcome. This is why we take the time to speak with you and to learn everything we can about what truly is important to you. At the same time, we will also pay particular attention to items that you don’t care about all that much.
We are going to have to make some concessions during the negotiations. There simply is no other way to end up with a settlement. However, our Greeley high net worth divorce lawyer will take the time to know what is important to you. We then will work as hard as we can to protect those items for you during the negotiations, while giving in to some of your spouse’s requests on other items. We will hold our cards close to the vest, so that when we do offer to make a concession on an item that is not particularly important to you, it will seem like you are giving up something important. Bottom line: We know how to negotiate.
As negotiations go along, our high asset divorce attorney in Greeley, CO, will also pay particular attention to the items that are most important to your ex-spouse, whether your ex-spouse clearly verbalizes the importance of these items or the process is more subtle. By understanding these items, we can gain a leg up during negotiations. Again, we keep our cards close to the vest, as we do not want to let your spouse’s representatives know what we are planning to do before we do it.
Even though our Greeley high net worth divorce lawyer has particular expertise in helping divide significant assets during a divorce, we also have a track record of representing clients successfully in any segment of the divorce proceedings. For example, we also can help if your high net worth divorce involves children, as we fully understand the what the Colorado Judicial Branch requires regarding children and divorce. Contact The Cossitt Law Firm at 970-488-1887 as soon as possible to discuss your situation.
Because a high net worth divorce typically involves significant amounts of property held in the Greeley area, this can lead to challenges in fairly dividing the property. It may be easy to determine the value of the property, however monetizing it can seem nearly impossible. Our high asset divorce attorney in Greeley, CO, can come up with techniques to try to simplify this process without having to sell property and monetize it.
Remember, when it comes to divorce proceedings, property involves quite a few different items. Things like real estate, vehicles, jewelry, collections, art, and business interests all constitute property, as do bank accounts, cash holdings, stocks, mutual funds, retirement accounts, and trusts. Rather than selling much of the property and dividing the proceeds, we may give a little in one property area to gain the outcome you want in another.
Even though Colorado Statute § 14-10-113 provides guidelines for the way the division of assets should occur, there are ways for our team to make adjustments to the formula to match your particular needs in the divorce property division. Perhaps your spouse has a significant attachment to a vintage car or to a collection of jewelry. We can use this fact to try to help you receive a piece of property that you really want, even if the two items do not have a similar value.
During this process, it is important to properly identify your property as either marital property or separate property. If you and your spouse acquired the property together during the marriage, you will need to split it as evenly as possible to meet the requirements for this marital property under state law. However, if you owned the property and brought it into the marriage, it fits into the definition of separate property, meaning it does not have to be divided. You should be able to keep full ownership of it.
In Colorado, the two sides must agree to the division of property before they can begin discussing alimony settlements. Our high asset divorce attorney in Greeley, CO, knows the importance of keeping our focus on property first. After all, property division in this type of divorce often represents a significant financial amount. We need to focus on this aspect of the settlement to give us the best chance of reaching the outcome you are seeking from this segment of the divorce negotiations. Trust that once we have this aspect of the divorce negotiations settled, though, we will be ready to fight hard for the alimony outcome you are seeking.
In a high net worth divorce, the alimony amount awarded to one spouse could be a source of contention, especially if it is a large amount. Sometimes, one spouse may feel as though the alimony amount is serving as a punishment. However, this is not the intent of alimony, as Colorado Revised Statute Title 14 discusses. It is meant to allow one spouse to have a source of income until he or she gains employment. Even if one spouse cheated on the other or if one spouse created the situation that led to the divorce, state law does not allow this to affect alimony payments. Punishment is simply not part of the alimony determination.
A couple of different types of alimony results are possible through negotiations.
Our high net worth divorce attorney in Greeley, CO, understands this is another negotiable aspect of divorce. We may be able to negotiate a lower settlement than what the typical formula determines the amount should be. We also may be able to negotiate a settlement with no alimony payment.
High net worth divorces may have some complex aspects to them. Even if you have a prenuptial agreement in hand, the process can be challenging. All it takes is for your ex-spouse to decide to make the divorce contentious, and you suddenly have a major fight on your hands. Emotional outbursts can further sour the situation, potentially causing the negotiation process to drag out and take far longer than it should.
At The Cossitt Law Firm, we have experience representing clients in divorces that involve large bank accounts, multiple pieces of property, business interests, and other high-value items. We know how to handle the divorce negotiations so that they fit all of the state’s legal requirements. But we also can take steps to try to dial down the emotions in the process. We have techniques we can use to try to keep the negotiations on point, rather than allowing them to dissolve into a shouting match. Our Greeley high asset divorce lawyer will fight hard for your rights, but we will do so in a professional manner. We will demand the same from your ex-spouse’s representatives.
We would appreciate the opportunity to meet with you, to hear your story, and to explain the ways we can help. Our high net worth divorce attorney in Greeley, CO, knows that we cannot automatically apply techniques we used in the past to have success in your case. You have unique aspects to your divorce situation that require our divorce lawyers to come up with a specific strategy for your negotiations. You can trust that we will do exactly that. We always will have your best interests in mind. To discuss your case, contact us today at 970-488-1887.
If you have decided to get a divorce, the next steps can seem daunting. Here we provide a few answers to common questions about filing for divorce.
Depending on your family, financial, and personal circumstances there are many factors you will want to consider when filing for divorce. Find out what type of divorce is right for you.
How long will it take for the Court to issue a Decree of Dissolution of Marriage? The earliest a Colorado court could issues the divorce decree is 91 days after the petition was filed. However it can take longer than 91 days, as expert valuations and reports may be needed.
How can a divorce attorney help with an uncontested divorce? Uncontested divorce generally means the parties have agreed upon all issues, or they believe they will be able to easily agree on all issues. A divorce attorney can help with an uncontested divorce by ensuring everything drafted properly.
What are mandatory financial disclosures? Financial disclosures are required of both parties in every divorce case, within the first 45 days after the petition has been filed. The exchange of mandatory financial disclosures is intended to put each party on a level playing field as it relates to the finances of the divorce.
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