Alimony, or spousal support or maintenance, is a contentious topic in divorce. Spouses who reach an agreement on property division and child custody sometimes leave alimony for the court to resolve. This is understandable. From the standpoint of the person being asked to make the payments there is often both an emotional response as…
Business assets, like other marital assets, are subject to division or some other form of consideration in a Colorado divorce. It does not matter if those business interests are held solely by one spouse, by both spouses or by one party and other business associates. How business assets are treated varies on a case-by-case…
There are mistakes every spouse should work to avoid in a Colorado divorce. The difference for high-asset spouses is that seemingly simple mistakes can have lasting future ramifications. If you are anticipating a high-asset divorce or were recently served by your spouse, protect yourself and your assets. Read the following article about mistakes to…
Retirement accounts are typically counted as a marital asset in Colorado making them divisible in a divorce. However, when working with a skilled property division attorney in Denver, the method used to divide retirement accounts will depend upon their type and source of funding. There are measures you can take to protect your retirement…
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…