Division of assets is a common source of dispute in a Colorado divorce. While some aspects are part of the marital property such as a home, a motor vehicle, bank accounts, a business and gifts that were given to the parties as a couple, there is often dispute over how a retirement plan will be split. If there is a public employee retirement plan, however, there are certain factors that must be considered. Often, the parties will have a written agreement as to how this benefit will be split. For those who have such an agreement or are considering one, having legal advice is essential as the dissolution moves forward.
There are many considerations that will be part of a Colorado divorce. When there is an order for one spouse to pay alimony - also referred to as spousal maintenance - to the other, it must be paid in full and on time. For some, there are other factors that must be accounted for so the receiving spouse get what he or she is owed. One is whether the paying spouse is required to pay security for the maintenance. For those who are ordered to pay security or a former spouse who wants the paying spouse to pay security, having legal advice is important.
Coloradans who are older and decide that their marriage is no longer working and they would like to move on have a multitude of concerns. While younger people will likely face custody, support and other issues related to children, a so-called "gray divorce" will have different factors to consider such as division of assets and retirement accounts. For people who are older, it is important to know what must be a priority with a gray divorce.
When Colorado parents have reached a point in their relationship where they can no longer stay together, there are many issues that must be considered as they prepare to move on and divorce. Children are a critical factor in the process. For some couples, the divorce is relatively amicable and they can agree on fundamentals with child custody. Others are more contentious, but they can put personal animosity to the side for the sake of the children. Still others are in full-blown dispute and the child custody situation is a continuous battle. In any of these circumstances, having legal help is imperative and should not be ignored.
Colorado couples who are having trouble in their marriage might be unsure of when the situation has grown so toxic that it is preferable for all involved to end the union and move on. Statistically, a large portion of marriages will end in divorce. As many as half will be part of that unfortunate statistic. A question that is often asked of experts and divorce attorneys is when is it time to move forward with the process. While there is no failsafe time to make that determination, there are certain factors that are important in the decision and should not be glossed over.
While Colorado divorces are often pigeonholed as involving people who are younger and got married early before realizing that they were not a right match for one another, older people are also getting divorced with a notable frequency. The so-called "gray divorce" might sound unusual, but it is not. People who are considering their life as they reach a certain age and decide that they might want something else are prone to a gray divorce. Concerns about how family and friends will react are natural, but people have a right to their happiness. Understanding the statistics and the foundational issues for gray divorce is an important step before moving forward.
A new year brings many changes for Coloradans and those who are having marital problems can be affected significantly. This applies not just to the decision to get a divorce, but how the divorce will change their lives in the future. Knowing about tendencies when it comes to family law issues and the possible aftereffects is critical from the beginning and having legal assistance can assess the situation and find the preferable avenue to handle it.
The end of a marriage in Colorado can be a difficult time for both parties. There are many issues that will be in dispute. When a couple determines that a divorce is the best alternative, it is important to remember that there are many factors that come into play. This goes beyond the disagreements that are common in any divorce proceeding. Legal factors must also be considered. One key legal matter is the divorce decree. A lawyer can help with every aspect of the divorce from the beginning to the end when the decree is given.
When Coloradans are at the end of a marriage and planning a divorce, there are a litany of issues they will consider during the process. Divorce is an emotional rollercoaster and sometimes the future can be obscured by the present woes. It remains important, however, to think about how the divorce will impact them financially in myriad ways. That can include tax implications they might otherwise not have considered. One factor that has been discussed in detail recently is the new tax laws created by the Trump Administration and enacted by congress.
For people in Colorado whose marriage has run its course, with a decision that it is preferable to part ways, a best-case scenario is that they will agree on most or all issues related to the marriage, have amicable negotiations for child support, child custody, spousal support and property division, and move on. The reason this is referred to as a "best" case scenario in a mostly negative situation is that it happens so infrequently. Oftentimes, there is contentious disagreement over some or all issues in the marriage. This can include children, property, division of assets, asset distribution and more. Understanding the components of a divorce proceeding can be key for adequate preparation and be beneficial as the case proceeds.