Alimony, known as maintenance in Colorado, can be critical for a divorcing spouse who was dependent financially on the other spouse during the marriage. It is sometimes awarded in order to allow a former stay-at-home spouse to get the education and training needed to rejoin the workforce and become self-sufficient.
What factors are considered in dividing marital property?
When a Colorado couple divorces, their marital property is divided on an equitable basis. Sometimes people are surprised to learn that "equitable" does not necessarily mean "equal." Instead, under Colorado law, the judge is required to divide marital property -- which generally means property obtained during the marriage, with some exceptions -- on a basis that he or she determines is just. The judge is required to consider several factors in making the equitable division.
Garner, Affleck announce plans for divorce after 10 year marriage
If there was one couple in hollywood who seemed to be the perfect family; it shows that all appearances can be shattered. This is because actor and director Ben Affleck and his soon-to-be ex-wife, actress Jennifer Garner, announced their plans to divorce last week. This high profile couple shocked the press with this announcement and were berated with questions about their plans for moving forward. The Denver Post picked up the story and have reported a few details about their high asset divorce.
Prenuptial and post-nuptial agreements for Colorado couples
There is nothing romantic about a prenuptial agreement. But there are sound practical reasons to have one, and many Colorado couples have made the decision to enter into one. A prenuptial agreement can specify how a couple's property will be divided in the event of divorce. It can also state whether spousal support will be paid and if so, how it will be calculated. For couples who are already married, a post-nuptial agreement can contain similar provisions.
Colorado's child support guidelines: the income shares model
One of the most basic responsibilities of parenthood is the obligation to support the child financially. In Colorado this obligation generally continues until the child reaches the age of 19. It does not stop when the parents divorce, even if the child is living with the other parent.
