Divorce in denver, vail and colorado

Through divorce there is often conflict and emotion about what Should have or Could have happened for the situation to be different.  If and when you find yourself in this mindset get out of the emotional tornado and go to The Land of IS.

To focus on the family finances and current parenting issues as they are now is to get through your divorce successfully.

“she should have had a job”

“he should have saved more money and bought fewer toys”

“his mom used to give us thousands of dollars before the divorce”

Colorado revised statutes C.R.S. 14-10-113 mandates that “property shall be valued as of the date of the decree or as of the date of the hearing on disposition of property if such hearing precedes the date of the decree.”

When we are talking about maintenance, the court looks to C.R.S. 14-10-114 and considers:

(a) the amount of each party’s gross income;

(b) the marital property apportioned to each party;

(c) the financial resources of each party, including but not limited to the actual or potential income from separate or marital property; and

(d) reasonable financial need as established during the marriage.

Child support looks to C.R.S. 14-10-115 and considers:

(i) the parents’ combined adjusted gross income estimated to have been allocated to the child if the parents and children were living in an intact household;

(ii) adjust the child support based upon the needs of the children for extraordinary medical expenses and work-related child care costs; and

(iii) allocate the amount of child support to be paid by each parent based upon physical care arrangements.

With parenting plans, do not go back and argue about how it “used to be.” By the time you are finalizing your divorce are likely separated and sharing time with the kids already.

You have tax returns and profit and loss statements to determine a fair and reasonable value for a business.

You have bank statements and credit card statements to help determin where the money is and went.

Do not make your life more difficult in the swamp of speculation or the clouds of could have -should have.  Come to the land of is to find reasonable settlement and resolution, fairness and through the resolve even peace.

For help with your situation please Contact Me.

Divorce in Colorado

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  1. […] Welcome to the Land of Is: The financial side of divorce […]

  2. […] Welcome to the Land of IS:  the financial side of divorce […]

  3. […] There are also professionals known as Certified Divorce Financial Analysts.  They work to figure out the best division of debts and assets, the “what if” scenarios of keeping or selling the home, and what two budgets will look like going forward for two households instead of one.  Read more about the financial side of divorce […]

  4. […] Stay in the Here and Now of your divorce and out of the swamp of speculation and waters of what was and divide and conquer what IS! […]

  5. […] If you have a case with significant financial issues, you may want to find a financial advisor to discuss matters with, so both parties are educated as to the issues and are better able to negotiate a fair and equitable division of assets and debts. See Welcome to the land of Is-financial side of divorce […]

  6. […] Coming from a Denver Divorce attorney, divorce can be a bitter and long process. It’s my suggestions to work out the financial details first, so if anything happens the transition and the divorce are less painful from the financial aspect, at least. Read Welcome to the Land of Is: the financial side of divorce […]

  7. […] 3.  FINANCIALS – To get divorced, both parties need to complete a sworn financial statement that documents gross income, deductions, expenses, assets and debts. Read The financial side of divorce. […]

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