The end of a marriage can bring serious changes for both Colorado spouses, especially regarding their finances and plans for the future. Money is one of the most complex and contentious issues to address in a divorce, and it's prudent to consider long-term implications when making any important decisions. Protecting financial interests is an important concern during and after a divorce.
Protecting Financial Interests During and After a Divorce
A pup nup protects your pet during divorce
Pet owners know that their four-legged friends are so much more than just animals -- they are members of the family. Unfortunately, Colorado law does not see it that way. Pets are treated as just another piece of property when it comes to legal matters. This can spell trouble for pet parents who are going through a divorce, as they may be faced with the possibility of losing contact with their beloved animal altogether.
What to do with the family home in a Colorado divorce
The home is often the center of family life. It is often where holidays are celebrated, the kids learn to ride their bikes and memories are made. It also represents a significant financial investment for a Colorado couple. As a result, when couples decide to divorce, what to do about the home often becomes a complicated issue.
Life insurance is important to consider during divorce process
Going through the marital break-up process can present financial challenges just as it can pose emotional challenges. One financial matter that divorcing individuals in Colorado often forget to address is how to handle life insurance. Here is a look at how an attorney can help with tackling life insurance policies during the divorce process.
Using parallel parenting for custody and parenting time plans
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.
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.
