When a Longmont resident takes a tally of the many items of property they own, the list may look something like this: a family home; one or more automobiles, furniture, artwork and other decorative household items, clothing and jewelry, musical instruments, books and hobby supplies and miscellaneous items that do not fit into other categories. Some of those items may have been acquired by them prior to marrying, while others may have only been purchased after the individual wed themselves to their spouse.
Conditions exist for alimony payments to be tax deductible
During a Colorado divorce, a court may order one of the parties to pay the other alimony for the financial maintenance of the recipient. Support of this nature can be a significant expense for the paying party but in some cases, that individual may be able to deduct the payments from their taxable income. Likewise, recipients of alimony generally must report payments as income so that they may pay the taxes on those transfers of money.
We help parents secure child support for their kids
Raising a child in Colorado is expensive. Aside from meeting a child's basic needs by keeping a roof over their head, food on their plates and clothing on their bodies, parents must make sure their children have what they need to be successful in school and the other activities they participate in. For parents of children who are not yet of school age, finding and securing adequate child care can be a great expense that is necessary so that the parent may work.
Will my child's wishes be considered in a child custody case?
When a Colorado family splits up due to parental separation or divorce, the weight that the children must bear can be extraordinary. In some cases, children may have to move out of the homes they have known their entire lives or split their time between the households of their mother and father. Children forced into these sometimes ugly legal situations can have strong opinions about how they would like their custodial matters handled.
Alimony is a legal obligation between ex-spouses
This Boulder County family law blog has addressed a number of topics related to the important and often necessary subject of alimony. Alimony can be ordered by courts so that one spouse may maintain their standard of living in the wake of a divorce that may otherwise deprive them of access to their former spouse's earnings.
