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5 Things You Should Know About Child Support

5 Things You Should Know About Child Support

In family law, child support is a heavily litigated aspect of most cases. Child support provides a set amount of money allotted monthly to raise a child. It is a Court Ordered ongoing, monthly payment made by one parent to the other for the care and benefit of their child when the parents do not live together. The amount of child support a parent pays varies by state—and each state has its own  formula for determining child support. Calculating child support can initially appear complicated. Parent’s incomes, the number of overnights a child spends with each parent, the costs of healthcare and child care costs are all factors that go into calculating child support. Given the dynamic landscape of the child…

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What a Divorce Attorney Can Do— and what you may not want them to do.

What Divorce Attorneys Can Do For You

When choosing a divorce attorney, first think about what you want that person to do for you.  If the divorce is to be amicable, the attorney must have enough experience to know the law and the likely outcomes of options to steer the case in that direction.  They also need to have enough life experience to know people and behaviors and how to work with difficult situations.  Divorcing couples don’t always display calm or rational behavior. Being able to diffuse conflict rather than inflaming disagreements can help keep the case in settlement mode.  If the case is already one of high conflict, the attorney must not only be able to steer the case in that direction but must also have…

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Assets and Debts—Getting it Right on the Sworn Financial Statement

Assets and Debts - Colorado Springs Law

The Sworn Financial Statement is one of the most important documents you will need to complete if going through a divorce or custody case. Also called a “financial affidavit”, it requires each person in the case to use the form approved by the Court and list all income, assets and debts. The Court will use the Sworn Financial Statement to determine how to divide assets and, most importantly, to determine a Party’s need for spousal maintenance or a Party’s ability to pay spousal maintenance. Completing the listing of assets and debts on the Sworn Financial Statement is easily the most labor intensive part of your divorce case. Not only do you have to think about all the assets you have,…

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“Gross Income”—Getting it Right on the Sworn Financial Statement – Part 1

Gross Income - Sworn Financial Statement Help

The Sworn Financial Statement is one of the most important documents you will need to complete if going through a divorce or custody case. Also called a “financial affidavit”, it requires each person in the case to use the form approved by the Court and list all income, assets and debts. The Court will use the Sworn Financial Statement to determine how to divide assets and, most importantly, to determine a Party’s need for spousal maintenance or a Party’s ability to pay spousal maintenance. The first page of the Sworn Financial Statement requires a listing of “gross income”—meaning all the money received each month before any taxes or other deductions are taken out. Gross income includes regular wages from employment…

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Spousal Maintenance Considerations

Spousal Maintenance Considerations Colorado Springs

For any couple experiencing a divorce, spousal maintenance is an issue that must be determined.  Formerly called “alimony”, spousal maintenance is a monthly amount paid by one spouse to the other for a certain amount of time. When requested, a Court will either grant spousal maintenance, deny spousal maintenance or reserve jurisdiction over the issue if a likely future event might cause the Court to reconsider spousal maintenance. Colorado law provides specific laws and “guidelines” for a Court to award spousal maintenance. As an initial matter, at the final hearing when the divorce will be declared, a Court must determine the following: The amount of each party’s gross income; (B) The marital property apportioned to each party; (C) The financial…

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