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Deciding what to do about home not always easy during a divorce

When a married couple realizes that a marriage is no longer viable, there are many issues that will need to be settled. A divorce often entails trying to untangle all aspects of two lives, and deciding what happens to a family home could be one of the harder decisions. There may be many Colorado families who are working to determine their best options while going through this life transition.

Many couples may decide that allowing one parent to retain the home for the sake of the children is the least disruptive solution. However, if the remaining spouse can only afford the upkeep and mortgage through support payments, then it may become impossible to keep the roof over one's head when those monies come to an end. On the other hand, if one spouse keeps the home and then decides to sell it, then he or she is stuck with the costs of selling that home along with any tax burden that may be due.

Top 3 tips for stay-at-home moms getting back to work

If you have been a stay-at-home mom for years and are getting divorced, you are probably stressing out about finances. While you might get some court-ordered support from your soon-to-be-ex-husband, it might not be enough or last forever. 

Amidst all the difficulties of divorce, you may need to think about getting back into the workforce. While this might seem daunting, it is possible! Remember, you are a strong and capable woman. Follow these tips to get back in the game. 

Custody agreement violation costs mother primary child custody

During a divorce, there are likely some issues that the former couple will have to compromise on. However, few topics can evoke stronger feelings and beliefs than child custody and how a child should be raised. There may be times when one parent will have to concede a point in order to obtain each party's goal of ensuring that a child's best interests are protected. Most likely, there are many Colorado parents who have struggled to blend personal beliefs with the well-being of a child while attempting to honor the other parent's wishes.

Recently, a judge in another state was compelled to rescind one mother's primary custody rights. After the couple's divorce, part of the custody agreement purportedly contained a stipulation that their son would receive the required immunizations. In exchange for that concession, the mother was awarded primary custody of their child. However, the woman reportedly did not honor that condition in spite of her agreement to do so late last year.

Court rules in favor of Fidelity executive on spousal maintenance

Couples tend to grow dependant on a certain lifestyle. However, if a marriage ends in a divorce, the income that provided comfortable support is now often expected to serve two separate households while both parties attempt to maintain a certain standard of living. Frequently, if the wife did not have outside employment suitable to sustain her needs, a court will order spousal maintenance. There are likely many Colorado families who have come to rely on these vital monies to provide the support they are accustomed to living.

Recently, the high court in another state ruled that an executive at the Fidelity Investment firm will not be required to share a set portion of his future earnings with his former wife. Derek Young, who is a president of a division of the investment giant's network, has seen his income rise to an estimated $7 million in the recent past. According to a ruling by a lower court during the couple's 2013 divorce trial, Mr. Young was ordered to pay approximately 33 percent of his future earnings to his former wife for alimony. The new ruling has resulted in the case going back to the family and probate court for a new alimony determination.

About interstate child custody arrangements

Colorado has one of the highest divorce rates in the country. According to data collected by the Center for Disease Control and Prevention, most states have a divorce rate around two or three per 1,000 people in the state's population. However, Colorado has a divorce rate of 4.4 as of 2011. 

Child custody is typically the most difficult issue in a divorce to reach a resolution. Thissue becomes even more difficult when the two parents are interstate, which means each parent lives in a different state. Thissue does come up from time to time, and the court has ways of handling it. 

Reasons to not post details of a divorce on social media

The divorce rate declines throughout the country, and part of it seems to be due to more people having access to education. In an article by Colorado Public Radio, it was found that 2013 had the lowest divorce rate in the state in nearly a decade. A little over 24,000 divorces took place in the state during that year. 

There are many ways to go about this process maturely. One is to avoid oversharing on social media. While a person may find it natural to post every detail of his or her life on Facebook, divorces are naturally different. There are several reasons why it may be best to keep the details of the legal proceedings private until everything is final. 

October is domestic violence awareness month to support victims

The majority of families in Colorado live in warm, nurturing environments where the members provide support for one another. Unfortunately, there are also families who experience the trauma of domestic violence in many different forms. In an effort to draw attention to this serious social issue, October has been designated as an awareness month.

The first nationwide attempt to draw attention to this crisis was held in 1981 and was referred to as the "Day of Unity." It came about through the efforts of the National Coalition Against Domestic Violence. The organization had a three-fold approach to raise awareness and prevent further issues. These three prongs were geared toward working to help those who assist victims to join efforts, honoring those who have escaped these situations and memorializing those who did not survive.

Financial planning especially beneficial during divorce

Every day, hundreds of couples spend time, money and energy planning the perfect wedding. There may be far fewer couples who have a back up financial plan in the event a divorce becomes a reality. However, in light of the fact that many marriages do not survive, Colorado residents may benefit from having an idea of what they would need financially should they become single in the future.

Many couples take into consideration what they need for retirement, but it may be just as important to do careful planning during a divorce. The decisions that are made during a dissolution can have serious repercussions for the rest of one's financial life if finances are not given careful consideration. When going through the process, it is important to assemble a team to help one plan for success. With the assistance of financial planners and other professionals, it may be easier to assemble all of the assets and debts that a couple will have to take into consideration when determining how to divide these as equitably as possible.

Study results suggest shared child custody is best for kids

Colorado families who are preparing for a divorce may be struggling to determine how their children will fare best. While it used to be the norm to grant sole child custody to the mother, that norm no longer seems to apply across the board. Instead, states across the country are stating to take a hard look at shared parenting.

No matter the status of the relationship between the parents, studies seem to point to the fact that children do best when they have regular time with both parents. While that may not always be possible in some circumstances, for the most part, the majority of kids thrive when they have equal access to both mother and father. Even when a divorce is less than amicable, children appear to be more adaptable to these situations than previously believed.

Supreme Court ruling changes aspect of asset division in divorce

In 1982, the Uniformed Services Former Spouse Protection Act (USFSPA) determined how military retirement pay may be divided. However, with the United States Supreme Court ruling earlier this year, there are some military spouse organizations decrying the decision, as it purportedly can reduce a former spouse's income. The ruling now protects a veteran's disability income from division during or after a divorce. There are likely many Colorado families who may be directly impacted by this decision.

The 1982 Act stated -- in part -- that, if a marriage lasted a minimum of 10 years and overlapped with at least 10 years of service, the former spouse would be entitled to up to 50 percent of the veteran's pension. However, in the event that a veteran seeks a disability rating from the Veteran's Affairs agency, the service member usually agrees to waive a percentage of his or her retirement benefits. The recent ruling by the Supreme Court concerned a case that had worked its way through the court systems and was filed by an ex-air force spouse whose husband sought disability benefits in exchange for foregoing an estimated 20 percent of his retirement.

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