Many Colorado residents have likely heard and are familiar to a degree with the terms community property and equitable distribution. It is just as likely, though, that many do not know much about these concepts, given that they are legal terms applying to property ownership and how a court will handle property division matters in a marital dissolution.
Colorado residents are more likely to divorce at older ages than they ever did before. Seeing that women are more financially independent than in the past, this trend should not be surprising. (But even with this new independence, women still on average have $34,000 less following a divorce in retirement savings then do men.)
In Colorado, child custody determinations entail making decisions about parenting plans and the respective roles of parents, with all custody-related aspects being centrally guided by consideration of what is in an affected child's best interests.
In Colorado and all other states across the country, it has long been established that the overriding factor in child custody determinations is what comports with an involved child's best interests.
In the wake of the recent storms to hit Northern Colorado, many local homeowners are assessing their damage and being heavily solicited by contractors of various kinds. Be careful. Our firm received a number of calls from people in the months following the Windsor tornado, looking for assistance in dealing with contractors who either did not complete work in a good and workmanlike manner, or in some instances failed to do a job at all after having been paid large sums of money. The reality is, while there are a lot of decent, hard-working contractors who do good work in Northern Colorado, there are just as many fraudulent contractors who drift from storm to storm and hold themselves out as Colorado businesses, preying on homeowners dealing with hail damage. Unfortunately, it is difficult to pursue legal remedies against such frauds when they have disappeared within a few months.