Child support in high-net-worth divorces can be difficult to calculate. It can also cause a lot of tension and disagreement between parents Colorado courts typically follow statutory guidelines when determining parents’ monthly child support obligations. However, the courts have the obligation to perform a further analysis relating to the financial circumstances of the parents…
If you are considering a divorce in Colorado or were served with a divorce petition, you may be confused about the term “no-fault” divorce. What is a no-fault divorce, and what are the effects of a no-fault divorce on the court’s property division, spousal maintenance, and child custody decisions? Read the following for general…
The division of marital property in a divorce can greatly impact a couple’s children together as well as children either spouse might have from previous marriages. Many of the assets that one of the spouses intended to preserve and pass down to children could be sold, divided, or awarded to the other spouse. Divorcing…
The division of marital assets can be one of the most contentious issues in any divorce. You can eliminate much of the stress and conflict associated with marital property division by protecting your assets in preparation for your divorce. The following outlines protecting your assets should a divorce be inevitable. For specific case information,…
To receive alimony, which is called maintenance in Colorado, a spouse must request a maintenance award from the court. Colorado’s family courts have wide latitude when determining whether to award a spouse alimony, at what amount, and for how long. This is especially true in high-net-worth divorces. If you are facing a Colorado divorce…
Colorado does not use the term child custody when referring to parental rights and responsibilities. Colorado calls the legal child custody process Allocation of Parental Responsibilities and divides parental duties into parenting time and decision-making responsibilities. What are Parenting Time Responsibilities in Colorado? Parenting time responsibilities are day-to-day parental duties involving the physical care…
Whether the process was amicable or riddled with conflict, ending a marriage is rarely easy for any spouse. After spending years or even decades with the same partner, the idea of starting life over again solo can be incredibly daunting. Divorce is a loss, and as with any loss, it’s normal to go through…
There’s no denying that going through a divorce is one of the most challenging events an adult can face. But for children, the impact of a divorce can be incredibly far-reaching. Divorce affects children of all ages, whether they are toddlers or teenagers. Young children may struggle to understand the changes in their household…
Marital property is subject to division upon divorce. This legal reality tempts some spouses to understate their assets and income, or even hide ownership of certain items altogether. If you are facing divorce and have concerns that your spouse may be holding financial secrets, here are a few red flags to watch out for….
Crafting a successful parenting plan is one of the more challenging aspects of divorce for families. In addition to determining how your children will divide their time between you and your ex, parents will also need to agree on how to handle future key events and decision-making. While it would be impossible to plan…