Though it is often stated that approximately 50 percent of marriages do not last, according to Pew Research, that statistic may no longer be accurate. The divorce rate is purportedly lower than it has been since the 1980s. In spite of the lower divorce rate, if Colorado residents are considering entering into a long-term relationship, they may choose to plan proactively in the event that the marriage or relationship does not last.
Alimony statute provides clearer guidance on amount and duration
Alimony in Colorado is often an uncertain issue. Colorado statute section 14-10-114 attempts to provide for a more reliable, less discretionary determination of alimony. That statute requires that the court, in a situation where one spouse has requested alimony, make specific findings with regard to a list of factors to consider prior to granting or denying the request.
Actor Tyrese Gibson wins shared child custody
When public figures struggle with private family issues, the resulting publicity can take a terrible toll on all parties involved. Unfortunately, if the issues involve a struggle over child custody, then even the children can suffer from the negative attention. Due to the amount of attention he received over a public breakdown, it is likely that even Colorado residents are aware of actor Tyrese Gibson's custody fight.
A divorce can have serious impact on one's taxes
Once a couple realizes that their marriage has become untenable, there are likely many issues that each individual will want to consider. Many couples who are in the beginning stages of filing for a divorce may not have yet considered the effect this change may have on their income taxes. Colorado residents may have many questions concerning how to handle these issues now, so as to avoid creating a financial hardship down the line.
It may be possible to protect a business during a divorce
Just as partners do in a relationship, business owners work diligently and make many sacrifices in order to watch their hard work mature into a fruitful enterprise. Unfortunately, while the business may thrive as a result of the effort put into it, an estimated half of all marriages end in divorce. In spite of the end of a relationship, Colorado residents may not have to lose their business in the process.
3 reasons to avoid delaying a divorce
There are many contributing factors to the fact Colorado's divorce rate is on the decline. In 2013, the divorce rate in the state reached a record low for the previous decade. Some experts claim this drop is due to a rise in education.
There are ways to prepare financially for a divorce
Just as the decision to marry may be based on emotions and other subjective qualities, the dissolution of one is often just as emotional. However, in order to best protect one's financial future, it may be prudent to view a divorce with an eye to protecting one's financial health. Colorado residents often have significant assets that could be lost if decisions are made based on feelings.
