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Greenwood Village Family Law Blog

When a higher income means a higher chance of a divorce

Having a lot of money does not necessarily insulate Colorado couples from a divorce. Research from the Federal Reserve Board does show that a higher credit score is linked to a higher likelihood of staying in a committed relationship and that couples are more likely to split up if there is a large disparity between their credit scores. However, the American Academy of Matrimonial Lawyers reports that economic upturns usually also means an increase in divorces.

Attorneys also cite several stressors that wealthy couples face. For example, a high income does not necessarily mean that the couple also has savings. Some may have high expenditures as well. The couple could also have a significant disparity in income if one person earns all the money, and that person might also often be away at work or traveling, creating distance for the couple.

Applying for a mortgage while owing child support

Owing child support can make it harder to buy a home in Colorado or anywhere else in two different ways. First, child support is counted as a debt when determining a borrower's debt-to-income ratio. Second, owing past support can have a negative impact on a person's credit report and score. However, there is no guarantee that back child support will even show up on a credit report.

Individuals who are looking to purchase homes should first get copies of their credit reports. They will show whether back support or other negative information is being shown to lenders. Potential buyers should also check their credit scores to see if they meet lender requirements. The possible impact of a past due child support payment may also depend on the type of loan for which a person is applying. For instance, Fannie Mae does not list this as a derogatory event that needs special consideration.

Professional choices may affect divorce likelihood

People in Colorado may know that their work lives have an effect on their personal lives as well. From health and well-being to romantic relationships, nearly all aspects of a person's life could be affected by their choices on the job. According to one study, people who work in certain types of environments may also be more likely to divorce. One study investigated whether people who work more closely with other potential partners - for straight people, members of the opposite sex - were more likely to end their marriages than those in a same-sex environment.

According to researchers, there was a stronger correlation between the availability of potential partners in the workplace and men's likelihood of divorce. Men were more likely to divorce when working near women than women were when working in male-dominated industries. It should be noted that the study was conducted in Denmark, with a smaller, potentially homogeneous population than the American population. However, the study looked at a massive sample of people - hundreds of thousands of men and women.

Ending alimony when your ex-spouse meets someone new

After your divorce, you were ordered to pay alimony. You didn't mind, because you understood its purpose. You even somewhat agreed with it. Today, though, you're upset because you believe the money isn't going where it should be. In fact, you know that your ex-spouse is living with a new partner, but she hasn't reported it to the court.

At this stage, you want to see if you can stop paying alimony. You actually want to stop paying as soon as possible, because you don't think it's fair to continue paying for someone who is being supported by another person. What should you do?

Divorce among older adults

Divorce among adults older than age 50 is becoming more common in Colorado and in other areas. According to statistics, divorce among older adults, which is also known as "gray divorce," has doubled since 1990. Divorce among older adults can cause a number of health problems.

Several factors have contributed to making older adults the fastest-growing age group to for divorce. These include longer life expectancy, the fact that many women no longer depend on their husbands for income and remarriage among older adults, which makes divorce statistically 2.5 times more likely.

Reasons to have a prenup

Colorado couples may be reluctant to broach the subject of a prenuptial agreement. They may think that having one may increase the likelihood that they will get a divorce, or they may be concerned that embarrassing financial details may be revealed.

However, prenups are often used to determine how assets are to be allocated if a divorce occurs. Without a prenup in place, the manner in which assets are divided, including those that each party may have obtained while they were single, will be determined by the laws of the state in which they reside.

Planning to divorce after experiencing violence

Violence in a relationship is never acceptable and should never be tolerated, no matter the circumstances. If you have experienced violence in your marriage, it is important that you take action to protect yourself. There are many organizations that support those affected by domestic violence.

When you are seeking to file for a divorce as a result of domestic violence, there will be certain steps that you should take in order to protect yourself and your children. This will help you to stay safe and will likely help you to get a fair custody agreement as a result.

Considering divorce later in life

A growing number of older couples in Colorado and across the country are opting to divorce later in life. As divorce has become more common in general, the acceptance of divorce can sometimes seem to transfer between generations. The daughters of divorced parents can be 60 percent more likely to legally split themselves while the sons of parents who separated are 35 percent more likely to separate. However, while people may think of younger couples when they consider divorce, older Americans are more likely than ever to end their marital relationships.

Since 1990, the divorce rate for people aged 50 and older has doubled. For people aged 65 and older, the divorce rate has tripled during the same period. Called "gray divorce," these later-in-life separations can carry their own reasons and additional concerns. Financial issues may be a particular worry for many older couples who decide to end their marriages. It reportedly takes a single person 79 percent of a couple's income to live a comfortable life, so it can be difficult for both parties to recover financially.

How a wedding's date can impact the marriage itself

Individuals in Colorado or elsewhere who are planning to get married may want to avoid doing so on Valentine's Day. According to research from the University of Melbourne, 11 percent of the couples involved in the study who tied the knot on February 14 got divorced within five years of getting married. After nine years, that figure jumps to 21 percent. Researchers also found that couples should avoid certain dates because of how they appear on the calendar.

The main reason why these dates should be avoided is because it is a sign that a couple is more worried about the wedding than the marriage. Couples may benefit from choosing a wedding date based on affordability and whether it is convenient for friends, relatives or their minor children to attend.

Failing to pay child support has serious penalties

Child support payments help to ensure your children have everything they need. These payments must be made on time and in accordance with the court order so that the recipient parent can pay bills that pertain to the children.

Some parents refuse to pay child support because they feel they don't need to for a variety of reasons. This might be because the custodial parent isn't allowing them to see the child according to the parenting time schedule or due to the financial difficulties of making payments. These aren't valid reasons for not paying. Child support should always be paid unless there is a court order changing the terms.

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