One of the most acrimonious issues couples must address when they decide to end their marriage is spousal support (referred to as spousal maintenance in Colorado). In general, most people are not fond of the idea of having to pay a monthly sum to their ex-spouse. However, spousal maintenance is often crucial in helping the receiving spouse get back on their feet financially following a divorce. Therefore, any changes to spousal maintenance laws should be carefully considered when a couple is negotiating a divorce settlement.
Married spouses in Colorado do not always have the same financial resources. For example, one spouse may earn significantly more than the other, or one spouse may have exited the workforce altogether to take care of the family. While these arrangements can work when the couple is married, if the couple divorces this inequity in financial resources can become a problem.
Sometimes a married couple in Colorado with an entrepreneurial spirit and a great idea set out to establish a family business. Over the years, their business may grow and flourish, not only as a source of income but as their most valuable asset. Unfortunately, some couples may find that while their business is a success, their marriage is not, and they are facing a divorce. Therefore, it is important for couples to understand what choices they have when it comes to the family business and divorce.