If you would like to set up a trust as part of your estate plan, you may be curious about where to start. Do you know what is available in Colorado, or applicable to your unique situation? Having a formidable trust can help your assets and estate avoid probate, but not all trusts are created equal.
Retirement planning without dependency on social security
While social security isn’t capturing mainstream headlines, it’s a critical discussion topic among young millennials and baby boomers. But how does social security link these two different generations?
Both generations expressed concerns surrounding social security benefits during retirement. Are the benefits going to be cut or depleted entirely by the time most citizens hit retirement? It’s a very likely possibility, according to U.S. News.
Speaking to an attorney does not mean you are getting divorced
No one gets married expecting to separate and divorce. You also need to realize that seeking sound legal advice about divorce, does not necessarily mean you are destined to split. Discussing your concerns with an attorney is confidential and not as scary as many assume.
"You don’t know, what you don’t know" is an expression that is applicable with most legal matters. In family law matters, you do not want to make decisions without having accurate information.
Three ways to handle a family business during divorce
Unfortunately, when spouses go into business together, they can be so wrapped up in the excitement of the business that they often avoid thinking about or planning for the possibility of divorce. Dividing assets in a typical divorce can be challenging. However, determining what to do with a co-owned family business can be especially difficult because the business is both a financial asset and a job.
Determine the best strategy for your situation
Do you have visitation rights as a grandparent in Colorado?
Being a grandparent is often a great source of joy. You have all of the beautiful wonderment of a new child in your life, without the daily obligations of parenthood. Unfortunately, complex family situations can endanger the beautiful relationship you have with your grandchildren.
Whether the state believes that your child is no longer fit to parent or your child loses custody in a divorce, you may worry about whether you can have a continued relationship with the grandchildren that matter so much to you.
How a protective order helps you leave an abusive marriage
It is frightening and difficult to leave a physically, financially or emotionally abusive spouse. Statistically, abused partners are at their highest levels of risk in the two years after ending the relationship. Once you file for divorce, while you may be safer in your immediate surroundings, the statistical risk to you increases.
That doesn't mean you should stay with an abusive partner just to avoid the potential conflict of leaving. Instead, it means you should take steps as soon as possible to start ensuring your safety as you leave this abusive relationship behind and move on to something healthier in your future. Thankfully, the state of Colorado allows those experiencing domestic violence to seek protective orders that will create legal consequences for your ex if they harass you or hurt you.
Shared custody is the most likely outcome in Colorado divorces
When parents decide to divorce in Colorado, the biggest concern is usually what will happen with the children. Historically, parents have been willing to battle in court in the hopes of securing primary or sole custody. The Colorado court system, however, does not prefer sole custody arrangements except in extreme cases.
Generally speaking, they prefer to arrange for a more even allocation of parental rights and responsibilities during a divorce with minor children. In other words, Colorado courts prefer to establish shared custody arrangements, a situation which is also referred to as co-parenting. Understanding that this is beneficial for your children may help you embrace the idea that shared custody is the most likely resolution to your divorce proceedings.
A Colorado divorce means you should revisit your estate plan
Divorce often results in radical changes in many different areas of your life. The average person can expect their living situation to change, as well as their financial situation. Those are just the most common issues, but there are many other transitions and changes that often take place during and immediately after a divorce in Colorado.
With so much going on, people often overlook important considerations that are not officially part of the divorce process. Your estate plan is a perfect example. Far too many people simply overlook adjusting their estate plan during a divorce. They are so focused on the end of their marriage that they overlook this critical area where adjustments and changes should occur to reflect their new life situation.
These tips will help you prepare for divorce
Even if you think you are 100 percent prepared for divorce, you never know how you will feel as the days go by. Some people realize that divorce feels better than expected, as they are finally free from a marriage that was dragging them down for so long.
There are also people who think they'll be okay during the divorce process, just to find that it's taking a toll on them.
What is the best thing you can do for a child after divorce?
You and your spouse have two children under five years old. As you move toward divorce, you worry about the potential impact for the kids. How will it make them feel? How will they adjust?
You do not worry so much about losing the relationship yourself. You can deal with that. You just do not want the kids to suffer.
