Colorado business owners who are married generally don't think that their marriages will come to an end. However, it is important to have a plan in the event that a divorce takes place. This is because the end of a marriage could have implications for the company as well.
People in Colorado who got married in their 20s and 30s may not have been overly concerned about completing a prenuptial agreement; they may not have had substantial assets, so getting a divorce may have seemed to carry little risk. However, for people in their 50s or 60s who are getting married for the second time, a prenuptial agreement can be an important legal document to have.
If you are going through a divorce and you have been a victim of domestic violence, it is important that you take action to protect yourself and your children. The best course of action if you want to seek relief from harassment or abuse from your divorcing spouse is to seek an order of protection, otherwise known as a restraining order.
In the state of Colorado, spousal support is typically mandated because the dissolution of a marriage can leave one spouse financially disadvantaged or even destitute. In light of the fact that spouses often unite their financial lives, it is difficult to determine exactly how much each party contributed to the family finances. Spousal support is supposed to at least partially redress the severe financial harm that can occur to one party during the dissolution of a marriage.
Parents in Colorado who can't afford their child support payments might have ways to get them reduced. However, this may only be true in cases where their circumstances have changed, such as if a child becomes more expensive to care for or if a parent experiences a loss of income or a period of unemployment. Unexpected medical expenses may also qualify as a change in circumstances that could result in a child support order being modified.
Colorado parents who are ending their marriages have many things to negotiate and worry about. One of those issues can be how to pay for their children's college expenses when there are two households to maintain. Before sacrificing a child's college education, however, parents can try to reach an agreement on how to handle this matter.