Coloradans who are going through a divorce will likely face many challenges throughout the process. That can include property and asset division, determining child support, spousal support and more. One of the most complicated and emotionally draining aspects of family law is parenting time, also referred to as visitation rights. When the court decides on parenting time or the parents come to a negotiated settlement that must be approved by the court, the best interests of the child are paramount. Understanding the law is imperative throughout the case.
Colorado couples who are getting a divorce will have much to consider during the process. Of course, child custody, child support, asset division and more are integral. Spousal maintenance is also a key part of the case. In many situations, one spouse was the main breadwinner while the other either made less income or was a stay-at-home spouse. There can be a litany of situations that must be navigated as part of the divorce. Understanding the factors that will impact how much is paid in maintenance and how long it will last is a key aspect.
The end of a marriage often means making major decisions. And when the divorcing spouses have children, this means making challenging decisions surrounding their children. Determining a custody arrangement that works for both parents is not always an easy task. The wishes of each parent might be different, the needs of the child might be unique and there could be factors involved that could significantly impact the best interests of the children.
The decision to marry is often one that is well thought out and planned. The same is often true when couples in Colorado and elsewhere decide to divorce. Ending a marriage can be difficult. However, when one or both spouses believe it is best, moving forward with dissolution can be beneficial for them. Nonetheless, the process can get emotional and complex. Thus, it is often imperative to consider how best to move forward with the divorce and what options one might have to obtain an optimal divorce decree.
Although divorce is an emotional event in the life of a Colorado resident, it is also a major legal undertaking and may require significant financial planning in order to successfully execute. That is because the splitting of two married people results in the need for the parties to set up their own homes, provide for their own needs, and manage their own assets. If a party to a divorce is not financially equipped to take on these and other responsibilities, it may be very hard for them to move forward after ending their marriage.
Some married couples in Colorado believe when it comes to property, "What's yours is mine, and what's mine is yours." However, if a couple decides to divorce, determining who gets what can be challenging and contentious. For the division of assets to be fair, it is important to first understand the difference between marital property and separate property.
Getting a college degree is a dream for many in Colorado, but it comes with a price -- specifically, student loan debt. The student loan debt crisis has made the news recently, as more college graduates find themselves burdened with high student loan payments that prevent them from reaching their financial goals. And, if they are married, disagreements about how to pay back student loans can cause a rift between spouses that they may not be able to overcome.
One issue that is present in most divorces in Colorado is property division, and it can be a contentious one. This is because most people have either a sentimental attachment to many of their marital assets, or the assets may be very valuable and, thus, very sought after. Moreover, in Colorado, there is no guarantee that marital assets will be divided between the spouses equally.
As the old adage goes, "Home is where the heart is." But, when hearts break and divorce is on the horizon, couples have to make some important decisions on how to handle the home in the property division process. It is important that couples in Colorado facing this situation understand what their options are, so they can make informed choices that are in their best interests.