How are Financial Investments Divided in a Divorce?

How are Financial Investments Divided in a Divorce?

Most couples believe their love is forever when they take their vows but life doesn’t always live up to our expectations and dreams. Some couples come to the sad conclusion that they are better off parting ways emotionally and legally. Colorado’s divorce rate is at 12%, up by 4% since the pandemic. Unfortunately, a significant number of couples who spent years building up their assets through financial investments in an effort to ensure a financially secure future for their family…

Is Colorado a Community Property State?

When a couple faces the inevitability of going their separate ways, one of the first things they wonder about is how to split their property in a divorce. Second only to child custody, separating assets is one of the most contentious aspects of divorce. While a handful of states are community property states in which the courts consider all assets collected during a marriage to belong jointly to both spouses and divide them 50/50, Colorado isn’t one of them. Instead,…

What Happens if My Spouse Dies During Our Divorce?

Divorce is an emotionally and legally challenging procedure, but when a spouse dies during the process, it may leave you not only with mixed emotions but also with pressing legal questions. Similarly, you may have questions about what happens to your own estate if you die before your divorce finalizes. What happens to a divorce case in Colorado if one spouse dies while the case is still pending and no final dissolution decree has been entered by the court? Unlike…

When Does Child Support End in Colorado?

Colorado family law includes basic child support guidelines to determine payment based on the combined income of the parents plus any required adjustments. While most states end child support payments at age 18, or when a child graduates from high school, some states require the paying parent to continue paying child support until age 19. Colorado is one of those states. Why does Child Support End at 19 in Colorado? Colorado law requires the paying parent to continue past age…

Does Child Support Cover Medical Costs?

There are many issues the Colorado court takes into consideration to determine child support payments. Colorado family law considers medical costs part of basic child support financial obligation. Keeping a child healthy is a top priority for any parent and providing healthcare coverage is one of the most important costs of raising children. Most divorcing parents decide whose medical benefits provide the best and most affordable coverage for the children during mediation. If parents can’t reach a workable agreement during…