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Highlands Ranch Family Law Blog

A prenuptial agreement becoming part of millennials' conversation

During the 'Great Recession' that began in 2008, members of the millennial generation were significantly impacted. As a result, this generation appears to be more focused on career goals rather than the traditional milestone of marrying and having a family. It may come as no surprise that this generation is more inclined to seek a prenuptial agreement before they decide to marry. Colorado residents who may be interested in these contracts can seek further information.

In general, the desire for the protection offered by a prenuptial agreement has steadily increased over the past 20 years. The growth in popularity for these documents among the 18 to 34-year-old age group is a fairly recent development. Though this age group is often described as being under-employed, the fact they are more likely to delay marriage indicates that they may have been striving to achieve predetermined financial goals. Those who have managed to accumulate assets or property may be reluctant to expose themselves to the risks that accompany a divorce.

Eviction: Doing it effectively means doing it legally

If you are a Colorado landlord, or have designs on becoming one, it's important for you to be aware of the potential benefits and pitfalls. One of the biggest items on the plus side; a stream of passive income that provides greater financial security or even the funds to do something you might never be able to otherwise.

On the other side of the ledger is the reality that with ownership comes the responsibility to make sure that the residence you are offering for lease is fully habitable according to local codes. Another reality is that when you lease, you lose some control. You can't be your renter's keeper. If conditions of the property get too dire because of a bad tenant, your only option might come down to eviction.

Spending on rings and weddings may be indicator of future divorce

For many couples, the planning and expense of paying for their wedding day may come with an even higher and unexpected cost. Some researchers have found that there appears to be a connection between how much is spent on the rings and ceremony, and the likelihood of a divorce. Colorado couples who have invested a significant amount into that wedding ring may find that the ring itself cannot prevent the demise of their relationship.

Recently, a survey conducted by two professors of economics appeared to show a correlation between the amount of money invested in a wedding ring and the chances of the couple eventually filing for divorce. After surveying approximately 3,000 married couples, the professors determined that, the more a couple spent on the ring, the better their chances were of winding up divorced. Couples who spent more than $2,000 were more likely to file for divorce, and when the rings cost more than $4,000, it increased the probability by an estimated 1.3 times.

There is a path to emotional recovery after a divorce

The end of a marriage usually brings a vast array of emotions. While the relief that can be provided by seeking a divorce is the ultimate goal, the healing process to get there may take time. Colorado residents who are beginning the journey to a new life may benefit from learning about the path to emotional well-being after a dissolution.

The demise of a marriage often brings feelings of deep emotional pain. One may struggle to endure the sleepless nights and lack of appetite as the feelings of heartbreak are dealt with over time. There are ways one can help recover, and they include the need to be patient with the process. Along with giving oneself time to grieve, it is often helpful to maintain a routine as a way to establish a feeling of normalcy.

Tax changes may have significant impact on divorce next year

The prospect of dissolving a marriage and determining the best settlement agreement is seldom an easy undertaking. Now, with the looming tax changes that will become effective next year, the push to settle during this year may become more pressing. Colorado residents who are uncertain as to how the tax revisions may impact their divorce may seek more information from knowledgeable professionals.

One of the major changes in the upcoming year's tax code has a direct effect on those who will be paying spousal support. In the past, the one who paid could take it as a tax deduction, and the receiver was responsible for taxes -- albeit at a lower rate. The new law removes the deduction for payers, and alimony will no longer be taxable income for the receiver. This may seem like a boon to the receiver, but experts believe it will result in lower alimony payments overall.

The decision to divorce may still mean the marriage was a success

There was a time when the exchanging of wedding vows indicated that the parties intended to remain together until death. As time and society has changed, the idea of a marriage ending in a divorce became much more acceptable. Colorado residents who are considering their own dissolution may be relieved to learn that even a successful marriage sometimes can end in a divorce.

Marriage counselors have recently suggested that the purpose of a marriage is to enable the parties involved to grow and change over time. Though the idea of change may be off-putting to some, it instead may indicate that the spouses have matured in many aspects of who they are as individuals. As a result, the parties may find that they have actually outgrown the relationship.

Court rules in child custody matter that parent can dictate diet

There are endless decisions that must be agreed upon when parents set out to raise children. In the event that there is a divorce, deciding on matters related to child custody may be difficult to resolve. Colorado parents who are unable to come to an agreement on important issues may seek a third party's input.

Recently, an appellant court ruled that a previous recommendation by a parenting professional would not be applied in a particular case. The parents purportedly had discussed the manner in which they would raise any children before their marriage commenced. Unfortunately, as some point during the marriage and after the birth of a daughter, the pair decided that a divorce would be the best option. During the discussions of parenting and custody, there was a declaration that they would jointly decide on matters pertaining to religious training.

For family law and child custody, the right experience is key

The process of untangling two people's lives during a divorce can be complicated. If there are children involved, the prospect of determining child custody may seem almost impossible. Colorado residents who are facing a divorce or are struggling to settle a dispute over custody may feel as if the problems will never be resolved.

The majority of residents will seek some type of legal advice during a marital dissolution. However, along with family law matters and a divorce, there may be issues that crop up between the parents or even with children who find themselves in a bad situation. While many family law professionals are qualified to help resolve disputes and draft an agreeable settlement, having the right mix of experience may prove useful. Often, there may be allegations of abuse on the part of a caregiver, or children could find themselves on the wrong side of the legal system when tensions at home run high.

A prenuptial agreement can provide peace of mind for any couple

When one hears discussions concerning a marital agreement, it may be assumed that the parties involved have considerable assets that need protection in the event of a future divorce. However, almost any couple could potentially benefit from having a prenuptial agreement in place before they exchange vows. Colorado residents do not need to be in the top percent of the income bracket in order to consider having such an agreement in place.

Though many couples may feel nervous about approaching the discussion of how to handle financial matters in the event of death or divorce, these conversations can also include each party's ideas concerning how marital and separate assets should be handled throughout the marriage. If either party has children from a previous relationship or has interest in a family business, then a prenup can provide a way to protect the interest of these other individuals in the event of death or divorce. In addition, a well-drafted contract can shield the other party from certain debt liabilities. 

Individuals share lessons learned after a later-in-life divorce

When a couple exchanges vows, they likely intend for them to last for the rest of their lives. Unfortunately, even marriages that have lasted for years may be vulnerable to divorce over time. Colorado residents who are contemplating a later-in-life divorce may benefit from the experiences of individuals who have gone through one.

One experience that was recently shared was the regret one may have if they choose to remain in a marriage for the sake of minor children. Purportedly, adult children may struggle more in the aftermath of a dissolution than a child who witnesses their parents' transformation as individuals first-hand. Other pieces of advice included researching the job market for opportunities for one who may have been a stay-at-home parent for years. It may be necessary to seek education funding through a divorce settlement rather than traditional alimony.

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