Denver Family Law Blog

No one wants to think about the idea of only living with their children for half the time, but when divorce is on the table, this kind of arrangement could be a possibility. Furthermore, if a 50-50 child custody arrangement is agreeable to both you and your spouse, it might be the most worthwhile child custody solution available.

A 50-50 child custody agreement is good for your kids

There are a variety of events in life that can have a substantial impact on a person's future, such as the decision to enter a marriage. Should a married couple in Colorado decide to part ways, it might not be uncommon for a person to experience an identity crisis. Since going through a high-asset divorce can be daunting enough on its own, a person may wish to avoid unnecessary stress by seeking advice on the changes to expect once the process is complete and how to accept them.

Upon making the decision to marry, a person may immediately identify as a husband or wife. If the couple has children together, one may also become a mother or father. These roles can have a substantial influence on how a person behaves and connects with others. In many cases, couples may schedules their lives around each other, and should the relationship end, one may struggle to adjust to his or her new situation.

Helping the kids pursue a college education is a goal for many parents in Colorado and elsewhere. However, certain scenarios in life may disrupt future plans, and should a couple make the decision to dissolve their marriage, it could impact their child's future in a variety of ways. For parents who wish to see to the educational needs of the kids, discussing how to handle college tuition during child custody negotiations could be vital.

When discussing a higher education, parents may benefit from making a list of all college-related expenses. These can include the costs of tuition, money for room and board and meals and other expenses such as those pertaining to books and the necessary electronics. It may also be advisable to gain an understanding of how a divorce could impact the child's eligibility to obtain financial aid.

For individuals in Colorado who wish to protect their financial futures following the end of a marriage, focusing on forming a strategy for the process of property division could be vital. In addition to considering one's options concerning assets such as a business or family home, it may also be essential to seek advice on how to approach complex assets such as retirement and investment accounts. For couples with a great deal on the line, similar accounts could hold substantial wealth, and failing to take the necessary steps during and after a high-asset divorce could prove detrimental.

When addressing accounts such as an IRA, the first step may be to determine if the account is separate or marital property. Understanding Colorado state divorce laws and how the type of property impacts the situation could help a person in making informed decisions. However, simply focusing on how to divide similar accounts might not be enough, and a person may need to take additional steps to protect his or her finances once the divorce is finalized.