Longmont, Colorado Family Law Attorneys
Understanding the financial consequences and legal implications of a divorce or family law matter is important for protecting and asserting your rights. At the law office of Bernard, Lyons, Gaddis & Kahn, our lawyers explain how marital property is divided, child support is calculated, and what factors the court will consider when determining child custody. We can explain how debt on jointly held credit cards and loans impact credit ratings if an ex-spouse fails to pay his or her fair share of the debt owed. In cases where a closely held business is involved, our office consults experienced accountants and business valuation experts to ensure our client isn't taken advantage of in his or her final divorce settlement.
Protecting your rights during a divorce or child custody dispute begins with understanding them. To ensure your rights and those of your children are protected, contact family law attorneys at Bernard, Lyons, Gaddis & Kahn today.
Family Law - Preparing for Divorce and Life Afterwards
The law office of Bernard, Lyons, Gaddis & Kahn represents clients in regard to the following family law issues:
- Divorce
- Child custody
- Visitation
- Child support
- Alimony / spousal maintenance
- Post-divorce modifications
- Division of marital assets and debt
- Prenuptial agreement
- Paternity
The Division of Marital Property - and Marital Debt
Any assets or property acquired during the course of a marriage is subject to division upon divorce. Consequently, equity earned on the value of a home, as well as earnings on 401k accounts, pension funds, or stock investments, is subject to division. Should you and your spouse decide to enter into negotiations, it may be possible to exempt pension funds or a 401k account in exchange for signing over the house or other assets your spouse may be interested in keeping.
Similarly, any debt acquired by you and your spouse should also be divided. However, even if you never drove your spouse's car or used a credit card held in both your names, you are still responsible for any outstanding debt. In this regard, it's important to remember that the terms of your divorce agreement have nothing to do with the agreement you have between you and your creditors. Consequently, if your spouse agrees to pay off a credit card but fails to do so, the credit card company can still - and will - come after you.
Protecting Your Rights in Family Law Matters
In order to avoid a divorce settlement you will regret the rest of your life, it's important to understand your rights and the legal options available to you. Regardless whether you are facing divorce, interested in a paternity test, or need to enter a post-divorce modification, contact our family law attorneys at Bernard, Lyons, Gaddis & Kahn today and schedule an appointment to discuss your case.
Bernard, Lyons, Gaddis & Kahn practices in Colorado including local, state and federal courts.
