When people in Colorado begin considering divorce, it might be because they feel their marriage is emotionally unfulfilling. A study that was published in the Journal of Sex & Marital Therapy reported that the reasons people give for divorce tend to be emotional and psychological and not reasons related to behavior.
For some ex-spouses in Colorado, posting on social media about a divorce might seem like a good way to vent. However, this can also backfire. Anything people post online might be used against them during a divorce. It is better to keep conversations about a divorce offline and avoid mentioning a marriage breakup on Twitter, Facebook and other social media platforms.
When people in Colorado go into debt to finance their weddings, it could be a sign of further trouble down the road. Because finances and debt can be such a powerful source of marital strife, it is essential to consider the future effects of the debt when deciding to splurge on a venue, catering or an open bar for a large, elegant wedding. According to one study conducted by loan company LendingTree, 45% of newly married couples between 18 and 53 took on debt in order to finance their wedding ceremonies. Many people expect to be able to host elaborate ceremonies for their weddings even if they are just starting out and struggling financially.
Business owners in Colorado who decide to divorce may have specific concerns that arise about their situation. After all, some of the longest-lasting effects of divorce are financial, and these issues may linger long after the emotional and practical issues have faded away. In particular, business owners may want to think about the tax implications as well as the impact on their companies of any decisions they make about property division in a divorce. However, business owners can work with professionals and take steps to allow their companies to emerge successfully after a divorce.
When people in Colorado decide to divorce, financial conflicts are often some of the primary issues that lead to the end of a marriage. These issues can derive from a range of disputes, and some are more common when one partner earns significantly more than the other. While this can cause problems in a relationship of any kind, one survey found that couples were particularly likely to divorce when the wife made more than the husband. There are several social reasons why this may be the case, but it is also important to note that the problem is far from universal.
If parents in Colorado who are getting a divorce must go to court to reach an agreement on child custody and visitation, it is likely that the judge will be amenable to both shared legal custody and an arrangement that allows the father far more time with the child than he might have had in the past. This is part of a shift over the past several decades toward fathers spending more time with their children after a divorce or separation.
When spouses in Colorado decide to divorce, they may wonder how the end of the marriage will affect their income tax filings. Of course, people will begin filing again as single rather than married, but claiming dependents can be a more complicated process. In some cases, both parents want to claim a child as a dependent on their taxes. The parent who can claim the child as a dependent will access credits like the Child Tax Credit, the Child and Dependent Care Tax Credit and the Earned Income Tax Credit as well as be eligible to file as the Head of Household.
A business can represent a significant emotional, financial and time investment for its owner, so protecting it in case of a divorce can be important. One way a business owner in Colorado can do this is with a prenuptial agreement. A prenup that specifies that the business is separate property can mean the intrusive and expensive process of valuing the business for property division purposes can be avoided entirely.
In 2017, $24.4 billion in child support payments were collected through payroll deductions in Colorado and throughout the country. During that year, a total of $32.4 billion in support payments were collected from all sources. The agency collects $5.33 for every dollar it spends to operate its internet portal program, according to the Office of Child Support Enforcement's (OCSE) office commissioner. However, the OCSE is looking for other ways to become even more efficient.
Even though plenty of individuals in Colorado go through a divorce every year, the entire process can be a very different experience based on how much a couple is worth. The simplest case in point is that wealthy soon-to-be divorcees have very different concerns than what might ail the everyday individual.