Although December may be a month of making resolutions and planning for the future, for some Colorado residents January may be the month in which they bring about major life changes. That is because throughout the country January, has become known as "divorce month." Americans often wait until after the holidays to end their marriages and begin the process of separating themselves from their partners.
Child support is often a necessary piece of the negotiations that individuals must work through when they choose to end their marriages in divorce. Unlike spousal support, which may be used by a recipient spouse for their own post-divorce needs, child support is money provided by parents for the benefit of their kids. In Colorado, both of a child's parents are expected to contribute to their financial support after divorce.
There might be a perception that a divorce in Colorado will be acrimonious and the parties will battle over every aspect of it. That is true in some instances, but in others, the parties want to come to a reasonable agreement and move forward as efficiently and smoothly as possible. In cases where it is believed to be possible for the sides to negotiate, a separation agreement could be a viable alternative. Before taking this step, it is important to understand the law for a separation agreement and possible divorce.
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.