Dissolution of a Civil Union

Civil unions, a form of state recognition of a relationship between two people, were established by the Colorado Civil Union Act in March 2013, with the first civil unions created as of May 1, 2013.  They bestow upon the couple in the civil union, state of Colorado benefits that are available to spouses. They do not allow for any federal benefits like pensions, social security, etc. Civil unions are not common today. They were most…

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More About Dividing and Paying Marital Debts

(continued…..) Marital home debt is usually divided through the determination of what happens with the home. If the home is sold, the debt is paid off in the sale. As homes often have a value above the amount owed (“equity”), if the home is sold and the debt is paid, there are often additional funds left over for the Parties to divide. This is usually some nice tax free cash and can provide both Parties…

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Dividing and Paying Marital Debts

While it is important to divide up the assets in a divorce, it is just as important to divide the debts. A marital debt is one that was incurred during the marriage.  It does not matter in whose name it was incurred.  If the debt was created during the marriage it is marital and must be addressed during the divorce process.  This does not mean that every debt will be split equally and it does…

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What to know when it comes to a “Separation Agreement”

A “Separation Agreement” in a divorce should really be called a “Settlement Agreement”. Don’t let the word “separation” confuse you. In Colorado, the Separation Agreement is the document that contains  the terms and conditions of the divorce with regard to the division of the assets and debts of the marital estate. The Separation Agreement is basically “who got what in the divorce”.  The Separation Agreement typically does not include anything about custody or parenting time…

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What else to Expect When Divorcing

(continued……) Once the Temporary Orders Hearing is over–or if there is no need for temporary orders since the Parties have an agreement in place while the divorce is pending–the case will be set for mediation. Mediation is mandatory to attend before going to a Contested Final Orders Hearing. The Contested Final Orders Hearing date will also be requested at this time by your attorney and it will be the final date you appear in Court…

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