In today's economy, many couples struggle to make ends meet. They have extensive credit card debt, mortgages, student loans and car payments. Division of debt becomes one of the central issues in their divorce, and it takes an experienced attorney to protect their interests so that they are not forced to pay more than their share.
At Tolison & Williams, Attorneys at Law, LLC, I represent clients throughout the Brighton area in matters related to division of debt in divorce. Many of my clients have serious financial concerns. Now that the assets that formerly supported one household must be divided to support two, their concerns are increased.
When I represent you in a divorce, I can talk with you extensively about your financial obligations. I often partner with clients to make divorce more cost-effective, employing strategies that save time, money and stress.
One of the first questions I am asked is whether marital funds may be used to pay my retainer. The answer is "yes." You can use funds from a joint account to hire your divorce attorney. And if you have a marital credit card, Colorado law allows you to access funds to hire representation.
If you do not understand the full scope of your assets and debts, don't worry — that is OK. Many people leave marriages with little knowledge of their true financial circumstances because a spouse has traditionally handled financial matters.
As your Adams County attorney for divorce and debt, I can often obtain that information during the divorce through a formal legal process known as "discovery." The other side may be required to disclose the information under Colorado law.
Still, the more information you can give me, the better I will be able to represent you. I recommend looking into your finances and writing down important bank account numbers early in the divorce process. When divorces become contentious, that information often becomes hard to access.
If you enter into your divorce with a great deal of debt, it is important to keep up payments while divorcing so that you do not limit your options down the road. Be sure to keep an open mind as your financial situation changes. You may want to explore other remedies to help you live debt-free. We can discuss your options in a confidential consultation.
To set up a phone consultation, call my Adams County law firm at 800-331-0745 or fill out the contact form. I accept credit cards as a form of payment and offer mobile representation, working on your schedule in places that are convenient for you.