Many people do not fully comprehend the far-reaching consequences of a divorce. Colorado residents are more focused on ending their marriages and moving on with their lives without realizing that the decisions made in the process not only influence their financial stability, but also their relationship with their children. Oftentimes marriage dissolution even affects where an individual is going to live after moving out of their house. Divorce can affect almost every aspect of a divorcing individual's life, which is why understanding the long-term consequences prior to addressing pertinent divorce legal issues is very important.
Given that many young adults in Colorado are the products of divorced marriages, it may come as no surprise that they are taking their time to settle down and get married. Not only are "millennials" driving the divorce rate down, they are also helping bring the marriage rate down. There are a number of ways that they are changing the face of traditional marriages,
Not all divorces in Colorado end up in family court. it is possible to resolve family law issues such as child custody, child support and property division without airing one's dirty laundry in court. Out-of-court alternative dispute resolution is one way to resolve one's issues out of court. Mediation, collaboration and arbitration can be valuable tools for ending a marriage as efficiently and quickly as possible.
While a Colorado couple is married, they often fall into a routine that they are comfortable in, including the lifestyle they maintain. When their marriage comes to an end, one of the decisions a court makes is how to help spouses maintain this standard of living. To do so, the court may award one party to pay alimony. Alimony is simply a pre-determined, periodic payment a higher-earning spouse pays to the lower-earning spouse.
Most parents want to make decisions that are in the best interests of their family, even if it means getting a divorce. Even where parting ways is the best option for Colorado parents, there is no doubt that children have a difficult time when their parents are no longer in a relationship with one another. One of the most important ways to ensure children have as smooth a transition as possible from a two-parent household to a one-parent one is to keep the split amicable and low-conflict as possible. Some parents are beginning to think "nesting" is one way to achieve an amicable divorce.
When a person in Colorado divorces, their life is set to change in many ways. These individuals often turn to their pets for comfort to get through this difficult time. However, as with most family law issues in a divorce, who gets custody of the pets is most likely also going to have to be divided in court.
As many Colorado residents can attest to, life after divorce is drastically different from that before it. For divorcing couples with children, it can be even more altered, as parents go from seeing their children daily to seeing them based on a pre-determined schedule. While it may take time to adjust to this new reality, it is important to know that child custody can take different forms depending on the agreement the parents make, based on their individual circumstances. Familiarizing oneself with the terms commonly used during custody proceedings can be very helpful.
Division of assets is a common concern when couples in Colorado decide to end their marriage. One of the biggest and most valuable properties a couple has is the marital home. People can engage in endless disputes over the property not just due to the financial ramifications, but also due to emotional considerations as the parties might have raised children and lived at the residence for an extended period.
When Colorado couples decide that they are set to part ways and move forward with a separation or divorce, a common strategy to avoid rancor and dispute is to have a separation agreement. This can be useful in several ways and those who are contemplating divorce or have already made the decision should consider it for the good of everyone involved. If the couple is relatively amicable, it is wise to negotiate to avoid an extended case. Understanding the law is essential when thinking about a separation agreement.
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.