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November 2018 Archives

Maintenance payments will no longer be tax deductible

Earlier this year, this Colorado-based family law blog discussed how maintenance may be addressed during a divorce. Maintenance is the payment of support from one former partner to their ex, and maintenance may last for a varying amount of time. Whether maintenance will be awarded in a particular divorce will depend on many factors that are unique to the divorcing couple.

How does legal custody differ from physical custody?

Working out how two Colorado parents will continue to effectively co-parent their kids after a divorce can be one of the most challenging aspects of settling the end of a marriage. While the parents may both want their kids to live permanently with them, they must make concessions and recognize how their children's interests may be best served through the planning and implementation of a schedule for their physical care. Physical custody is the type of custody that deals with where children will live when their parents are no longer together. Legal custody is a different set of rights that parents may fight for when they must share their kids with their exes.

What are the benefits of making a trust?

Even though you can create an estate plan at any time, not many people want to think about what might happen after they pass away. That is understandable--the last thing anyone wants to think about is dying. However, it is crucial to set up an estate plan to protect the people and assets in your life after you leave it.

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