You spend decades building a dependable retirement nest egg, and if you’re facing a divorce there are likely numerous questions and concerns you have about protecting those accounts. Your retirement savings represents a significant investment in your future. The prospect of divorce can suddenly create an environment where it can feel like more than your money is at risk, but your future retirement as well. Knowing what to expect, how these accounts may be handled as part of property separation,…
Owing child support may become a consuming burden. Though you worked hard to make payments, your expenses prove too great, and you begin falling behind in your support. Most often, a judge orders a percentage of your income to pay for child support upon your divorce. However, if you cannot pay, Colorado laws state that your biweekly earnings may not be the only income subject to interception. CSS and continuing child support The Colorado Department of Human Services works with Child Support…
Colorado family court considers all parents legally obligated to provide for their child financially. In addition to making child custody decisions in a manner that meets the standard of a child’s best interests, a parent’s obligation to pay child support is legally binding and enforceable. Once the court orders child support for divorced or non-married parents, the paying parent must remain current on their payments. If an ex-spouse falls significantly behind and refuses to pay their arrears, they have legal…
Divorce is not something that just happens in a courtroom. It effects every aspect of your daily life and can negatively impact your career. In fact, work was probably a focal point of your marriage in many ways. You may have worked overtime to afford a family vacation or little extras at home. You most certainly shared your work-related successes and stresses with your estranged spouse. The last thing you need while going through divorce is to become bitter, angry…
People often realize that failing to pay child support can lead to many different hardships in life, from those which are financial (tax refund interception, etc.) to being arrested. However, there are a number of other ways that back child support can derail your plans and turn your life on end. For example, you could be unable to obtain a passport if your unpaid child support exceeds a certain amount. It is important to be aware of the different ways…