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What happens to the family business when the owners divorce?

Sometimes, after a couple in Colorado is married, they decide to establish a business together. Having a family business can be an emotionally and financially satisfying endeavor. However, even if the family business sees success, a couple's marriage is not always so strong, and they may decide they are best off divorcing. When this happens, some important decisions must be made regarding what to do with the family business post-divorce.

Communication can be key in helping teens thrive post-divorce

Teenagers these days are often more comfortable sending a text message or video chatting to communicate with others rather than with their parents. However, parents in Colorado should recognize that these communication methods can help parents and teens develop a strong relationship with one another, particularly if the parents are divorced.

Does every divorce need to be litigated in court?

It goes without saying that many couples in Colorado who choose to end their marriage have a certain amount of hard feelings between them. However, it is important that they treat each other respectfully. This can make the divorce process run more smoothly, especially if they are able to negotiate their divorce issues. Many couples may find more satisfaction by settling their divorce without having to go through the stress and cost of a lengthy trial.

How should you approach property division in a divorce?

When a couple in Colorado decides to end their marriage, they may feel like they are on an emotional roller-coaster. Their lives will be changed forever following the divorce, and, while they may be relieved to leave an unhappy marriage, they do not want to walk away from the process short-changed, particularly when it comes to property division. However, there are some ways that couples can make the division of assets easier, leading to a resolution that is satisfactory to all involved.

What do Colorado courts consider when awarding child support?

Parents are responsible for financially supporting their child, even if they are no longer in a relationship with one another. This means that, following a divorce, the custodial parent provides financial support to the child by having the child in their care, and the noncustodial parent will contribute to the child's financial needs by paying child support.

Not every prenup holds up in divorce proceedings

Prenuptial agreements may seem unromantic, or even worse, evidence of greed or a lack of commitment to the marriage. However, prenuptial agreements -- called premarital agreements in Colorado -- can be very practical. The fact of the matter is that not every marriage will last forever, and, moreover, executing a prenup can open the door to honest conversations about finances and married life, which can serve a couple well even if they never divorce. However, if not properly executed, a prenup may not hold up in court later on.

'Gray divorcees' may face different issues than younger couples

It may be surprising to people in Colorado when a friend or relative who has been married for decades announces they are ending their marriage. However, "gray divorces" -- that is, divorces among those age 50 and older -- are becoming more common, and, in fact, the rate of such splits has increased two-fold since 1990. Those going through a gray divorce may face different issues than their younger counterparts.

Parallel parenting can be an option following divorce

Some parents in Colorado who are divorced are still able to get along well enough to co-parent. However, to successfully co-parent, parents need to be able to communicate effectively, reach agreements together regarding the child's upbringing and even be able to attend important events together with their child. Ultimately, while co-parenting can be a positive thing, oftentimes parents are simply unable to communicate without fighting, have lingering animosity or anger following their divorce or simply want to have as little contact with one another as possible. In the end, co-parenting is not an option for everyone.

Financial issues play a major role in some divorces, study says

Spouses may come into a marriage with very different attitudes regarding their finances. For example, one spouse may be a saver, setting money aside for a rainy day, while the other spouse may be a spender. This can cause friction in a marriage that could ultimately lead to divorce.

How to keep the holidays happy for children post-divorce

December is almost here, which means the winter holidays are upon us. Most parents in Colorado want their child to have a good holiday season, but parents who are divorced may wonder what they can do to ensure that the animosity they may have with their ex-spouse does not tarnish their child's holiday memories. While the navigating the holidays as a divorced parent can be complicated, there are things that can be done now to ensure the holidays run smoothly.

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Law Office of Lori Crystal, LLC

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Castle Rock, CO 80109

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