No one gets married expecting that the partnership will end in divorce. However, sometimes the healthiest long-term decision about a difficult relationship is to end it. It can be daunting to resolve the dissolution of a marriage, but obtaining experienced legal advice can be a complete game-changer for your emotional and financial stability going forward. Like the stalwart Rocky Mountains, you will be able to successfully weather the storm.
Division of property is one of the main considerations in getting a divorce. Will the result be fair to both parties? Colorado is an “equitable division” state — unlike some other states that just split the property assets down the middle. This could be a crucial point in the hypothetical event that a particular investment fund, that you started decades before you met your spouse, happened to increase astronomically during your relatively brief marriage. You, and your wallet, may end up breathing a sigh of relief that Colorado is not a “50/50” state!
For many years, a lot of folks held the opinion that staying in an unhappy marriage, rather than divorcing, would spare the children from unnecessary pain and potential long-term trauma. But some recent studies support the psychological theory that children may be less harmed by the divorce of parents who are in an abusive relationship. When parents divorce, the initial shock for children may be quite painful, but in the long run the children may be healthier, mentally.
If you have been married for more than twenty years, and thinking of getting a divorce, you could be in for a surprise! Your spouse may be able to receive alimony – often called “maintenance” in Colorado – until they are remarried or possibly for life. That could be more costly than you anticipated. And, by the way, eligibility for maintenance is not gender specific. Generally speaking, the odds of being awarded maintenance in Colorado increase as the duration of the marriage increases, and it can be paid on a monthly basis or all at once.
There are a number of complex issues regarding divorce in Colorado. The right fit of legal expertise for your particular situation is critical in obtaining the best possible result for you and your family. Additionally, even if mediation is your preferred method of resolving the distribution of assets and other legal matters, having an experienced attorney can increase the odds of a successful result for all parties.