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Financial Tips for Divorcing Spouses

It’s no secret that one of the most difficult parts of divorce is the financial aspect. If the financial part were easier, we would probably see a rise in divorce filings. If you have put off a divorce because you were concerned about dividing assets, supporting two households, paying child and/or spousal support, or having to give up your standard of living, you are not alone. While a lot of unhappy spouses delay their divorce because of...

Which Parent Claims the Dependency Exemption?

With tax season quickly approaching, a lot of our clients, especially those with children, ask us about the dependency exemption. Which parent claims the exemption, and can the noncustodial parent ever claim the exemption? After all, they are the ones paying child support. The Internal Revenue Service is very clear about the fact that only one taxpayer can claim the dependency exemption for a child each year. As a general rule, the custodial parent is the taxpayer who...

Are You a Victim of Parental Alienation Syndrome?

When married couples with children go their separate ways, they must remember to keep their children’s best interests at heart, but for some parents, that’s easier said than done. Divorce can be very stressful and it can make parents act irrationally. When parents decide to divorce, they must do their best to withhold the messy details from their children, and maintain a positive attitude about the future. Some parents however, take the opposite approach and do everything...

Colorado Child Custody FAQs

If you are headed for divorce and you have children with your spouse, you will undoubtedly have questions about child custody. Will the children live with one parent more of the time? Which parent will pay child support? Can the children choose which parent to live with once they reach a certain age? In order to help you better understand Colorado’s child custody laws, we’re going to give you some information on the subject below. Please continue reading and...

Factors That Are Considered When Determining Child Support

In simple terms, child support is an ongoing, periodic payment made for the benefit of a child following a divorce or separation, usually made from the non-custodial parent to the custodial parent. Colorado follows the “Income Shares Model” of support which estimates the total support amount that parents would spend on children in an intact family unit and splits the financial responsibility between the parents in proportion to their monthly incomes. While the guidelines are...

What You Need to Know About Legal Separation

Consult with a Denver Family Attorney – Call (888) 850-9851 Legal separation in Colorado is an alternative to divorce or annulment which allows spouses to be declared separate persons for both financial and child custody purposes while still technically remaining married. While the process of legal separation is virtually the same as a divorce, legal separation can be useful for spouses who wish to live separate and apart from each other while still being able to qualify...

How Remarriage Impacts Alimony in Colorado

In the United States, spouses are expected to financially support each other and that does not necessarily end when a couple divorces. Often, one spouse will methodically withdraw from the workforce in order to take care of the couple’s home or to take care of the couple’s children full-time. Such extended absences from the workforce can affect a spouse’s earning capacity, and thus, the spouse who was unemployed or working part-time during a marriage can...

Dividing Property in a Colorado Divorce

One of the reasons why divorce is so complicated is because spouses have to determine how to divide their assets and debts. By assets, we’re referring to all income, cash and property acquired during the course of the marriage, such as 401(k) accounts, family homes, automobiles, life insurance policies, etc. If you are headed for divorce, the thought of severing your financial ties may seem daunting, and it can be, which is why it’s so important that...

Stay Connected with Jones Law Firm, PC

At Jones Law Firm, PC, our Denver family attorney provides clients with experienced and compassionate legal counsel. If you have a benefited from our services in the past or are currently looking for legal assistance regarding a family law matter, please don’t hesitate to connect with us online. Contact Jones Law Firm, PC 1721 High St. Denver, CO 80218 Phone: (303) 799-8155 Website: https://www.denverdivorceattorneys.com Practice Areas Family Law Divorce Child Custody Fathers’ Rights Mediation And More...

Divorce: Should You Sell Your House?

Ask any realtor, and they will quickly tell you that a significant portion of their business comes from sellers who are in the middle of a divorce, and there is a very good reason for this. Often, it makes the most sense for the divorcing parties to sell the marital home and go their separate ways, but not always. If you are headed for divorce and you and your spouse own a home, one of the...

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