Every married couple in Colorado handles finances differently. Sometimes both partners share in the financial decision-making and have an equal understanding of the state of their marital finances. However, some couples delegate such duties to one partner only. While this may seem practical, it does leave the other partner in the dark when it comes to their marital finances, which could become an issue should the couple later divorce.
What terms are unenforceable in a Colorado premarital agreement?
Sometimes, couples in Colorado and elsewhere do not enter into a premarital agreement before walking down the aisle. They may think that the notion of deciding in advance what will happen if they divorce is not only unromantic, but also that it is a sign that one or both parties are not committed to making the marriage last.
What are some tips for an emotionally healthy divorce?
The words "healthy" and "divorce" may seem to be unlikely partners. After all, many divorces stem from a host of other negative events and emotions. However, it is possible for couples in Colorado to divorce in an emotionally healthy manner.
Why might a prenup be challenged in a divorce?
When a couple in Colorado chooses to execute a prenuptial agreement, after hammering out their financial issues, they often can come to an agreement that initially they are both satisfied with. However, things do not always stay so rosy. Sometimes a couple's marriage hits the rocks, and when divorce is on the horizon due to animosity or other issues, one spouse will challenge the prenup saying it should not be enforced.
Is it always worth it to fight for the family home in a divorce?
Home may be where the heart is, but when a couple's relationship comes to an end, each party may find that they are at war over who gets to keep the house. After all, the family home may be one of a Colorado couple's largest assets, so when divorce gets messy and each spouse wants to feel like they "won", the family home can become a source of contention when it comes to property division. However, despite the memories and emotions attached to it, is it always wise to keep the family home after divorce?
Are there any alternative ways to pay spousal support?
When spouses in Colorado divorce, they expect that once the final papers are approved by a judge, they can each walk away as separate individuals into their newly single lives. However, sometimes certain divorce issues tie a couple together even after they have ended their marriage. One of these issues is alimony.
Make the most of valuation dates for assets in divorce
Some people are so eager to break free of the bonds of marriage that they put little forethought into strategically timing their divorces. While it may be understandable to hasten the process, it could also wind up costing you big bucks when it's time to split up the property.
Colorado spouses can protect their interests via a 'postnup'
Sometimes, couples in Colorado fail to execute a prenuptial agreement prior to walking down the aisle. Perhaps they thought of the notion as unromantic, or worse, a sign of mistrust or a belief that the marriage will fail. Perhaps they were simply so busy planning for their wedding that they never got around to it. Or, perhaps they felt like they had so little in the way of assets that a prenup was not necessary.
Young couples in Colorado with few assets may still want a prenup
Young couples in Colorado planning their weddings may be wrapped up in choosing a venue, a caterer, flowers, the perfect dress and all the other wedding details. What they may not be so wrapped up in, however, is executing a prenuptial agreement. Many may even feel that they don't need one because they do not have much in the way of assets, and, out of naivety, believe divorce could never happen to them. However, no one can predict the future, so it is best to be prepared with a prenup.
What factors will a court consider when awarding spousal support?
When a Colorado couple decides to end their marriage, one issue they may inevitably face is that of spousal support. The state of Colorado recognizes that while sometimes spousal support is just and necessary, it is important that there is consistency between spousal support awards in the state. To that end, the state enacted statutory guidelines to be used when determining how long a spouse should pay spousal support for, and in what amount.
