When Colorado couples started their families, they probably felt as though their marriages would last forever. Unfortunately, at some point, the marital relationship soured, and one or both spouses decided that divorce would be the best course of action. Even if at least some of those couples want to co-parent, their relationship may not allow them to do so, in which case they may want to consider parallel parenting for their custody and parenting time plans.
Using parallel parenting for custody and parenting time plans
Emotions can complicate the divorce process
Unquestionably, divorce can be an emotional time. When one is feeling overwhelmed with emotions, it is easy to make mistakes. Certain mistakes in the divorce process can lead to lifelong struggles. While it may be one thing to advise someone to approach divorce as reasonably as possible, this is not always easy to do. For this reason, many in Colorado seek legal advice as early as possible in the process.
Some custody and parenting time plans are problematic
One of the most challenging aspects of a Colorado divorce is agreeing to a parenting plan. The best interests of the child are paramount. Although there are many configurations that can be used, some may be less effective than others.
Effectively navigating custody and parenting time in Colorado
Colorado child custody and visitation are frequently complicated and can lead to disputes. Regardless of the relationship between the parents, issues can arise. Resolving these disagreements often hinges on formulating strategies for effective co-parenting.
Preparing for the financial ramifications of divorce
Divorcing couples in Colorado and around the country are often unprepared for the financial consequences of ending a marriage according to a study published on Jan. 14 by Fidelity Investments. After surveying 1,107 divorced Americans between the ages of 25 and 75, the Boston-based financial services company discovered that it takes about five years on average to recover financially from a split. However, getting back on track can take much longer when spouses are not involved in day-to-day financial decision making. Four out of 10 of the spouses surveyed who told researchers they did not involve themselves in financial matters said that they had yet to recover from their divorces.
A valuable resource for family law affairs
Colorado parents who are getting ready to negotiate custody and support after a divorce might want to hold on to their old calendars. These can help them to remember dates, times, events and other things that might be important during negotiations. After all, these seemingly small details are often overlooked during this stressful time.
Divorces are often more common in January
As the holidays end and the new year dawns in Colorado, more couples may mark the occasion by filing for divorce. January is one of the most common months of the year for people to end their marriages, for a number of reasons. Parents with young children may wait until after the holidays are over to file, while other people want to make a new start along with the change of the year. The word "divorce" is even searched more frequently on Google in January, and many divorce lawyers report higher business along with the turn of the year.
How to financially plan for life after divorce
Colorado residents who are considering divorce should begin financially planning as soon as they consider the split. Planning financially ensures preparation for a healthy financial life post-divorce and might help residents ensure they get a fair settlement.
Entertainment mogul uses business settlement to pay child support
Child support is a common issue in dispute between parents who have parted ways as a couple. When the parties are well-known, wealthy or both, this can be a public disagreement. For those who are involved in businesses where vast sums of money changes hands, it can be linked to the child support concerns and other aspects of family law. Such was the case with the entertainment entrepreneur Dame Dash.
Financial tips for women facing divorce
Divorce can lead to many financial challenges, and this is true for women in particular. Women already make less than men on average, and after a divorce, their incomes are more likely to drop than men's incomes, which often increase. At 27%, the poverty rate for divorced women is three times higher than it is for men. Women are also still awarded custody the majority of the time, and this can cause additional financial worries.
