In Colorado, spouses who get divorced find that there are many financial surprises waiting for them that they could not have anticipated beforehand. This is even more true for women who may not have participated in making any financial decisions before the divorce. Thus, it is essential to learn as much as possible before the divorce is final so that the best agreement possible can be negotiated.
You and your college sweetheart decided that it would be a great idea to get married just days after your graduation. You both had great degrees, graduated with honors and had every reason to believe that you'd be successful.
For many people in Colorado, prenuptial agreements have long been considered the domain of celebrities or those with significant generational wealth. However, as people marry later in life with property, children and established careers, a growing number of people are interested in a document that could provide legal protections and a structure for asset division in case of divorce. One study conducted by the American Academy of Matrimonial Lawyers found that 62% of family law attorneys reported increased requests for help negotiating a prenup.
When Colorado parents pay child support, the amount of their income that is factored into the formula dictating what they will pay is not always cut and dry. Beyond salary, there are a number of other things that can be considered income or impact the court's calculation.
When people in Colorado are going through a divorce, they might hope to reach an agreement without going to litigation. However, there may be a point at which negotiations have stalled, and a person could wonder whether the best course of action is to settle or go to litigation. There are a few factors to take into account.