Even though plenty of individuals in Colorado go through a divorce every year, the entire process can be a very different experience based on how much a couple is worth. The simplest case in point is that wealthy soon-to-be divorcees have very different concerns than what might ail the everyday individual.Of the many differences, a few stand out. The first relates to the assets being split up. A wealthy couple has a plethora of financial and real assets, including stocks, options, and art collections, all of which add to the value of the couple. This, in turn, makes the divorce proceedings all the more complicated. The second difference lies in alimony payments. Normally, this would be a point of contention between a couple going through a divorce. However, when a couple is splitting up and each party is walking away with a few million dollars, neither party needs support payments. With this in mind, despite men usually taking away more money, women tended to fare well enough that they didn’t need any alimony checks.
When parents in Colorado move toward divorce, they may be particularly worried about how their time with the children will be affected. Fathers could be especially concerned as beliefs have traditionally favored sole or primary custody for mothers. It has even been stated that overnight custody for fathers with infants and toddlers could be harmful to young children. However, this era of thinking is over; most states and family court judges tend to prefer joint custody or shared parenting as a default.Indeed, child psychologists affirm that joint custody is usually the best option for a child’s health and well-being. Even the youngest children benefit from a shared parenting schedule, including overnight time with both parents. In most cases, joint custody arrangements involve week-to-week switches in which the child spends a week with one parent and then switches to the other parent’s home. These schedules can be complicated due to the parents’ employment obligations, especially if they work irregular schedules. Therefore, different families can develop a parenting plan that works for their unique needs.Studies show that children raised under joint custody have improved outcomes in terms of physical and mental health as well as academic achievement. However, sole custody is often associated with an absent parent, abuse or neglect. All of these are additional factors that may complicate a child’s home life and emotional development.Divorce can be a difficult time for parents and children as it requires significant adjustments in the way people live and share space with one another. A family law attorney can help a divorcing parent reach a resolution that protects the parent-child relationship and includes a fair custody agreement.
