Rachel Palmer Rachel Palmer

PREPARING FOR DIVORCE: FINANCIAL DISCLOSURE PROCESS

Many of our clients come to us prior to separating from their spouse to gain some information. One of the most popular questions is - how can I best prepare for my divorce? Arguably the hardest task in a divorce case is the financial disclosures. This requires a great deal of documents and information that you may not have been privy to during your marriage, or that you will simply need time to gather. You may also want to consider reserving fees for legal and expert costs.

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What is income for purposes of determining child support?

In any divorce involving children, one necessary issue that must be resolved is the calculation of child support. There are a number of factors that go into the calculation of child support in Colorado including the number of overnights each parent has with the children, any applicable credits for payment of health insurance or child care, and each party’s gross monthly income. There are other items which may change the ultimate child support amount, but the primary question people have pertains to the income portion of the calculation.

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FINANCIAL DISCLOSURES

Arguably the most intimidating step in a divorce or custody case is the exchange of financial disclosures. With decades of experience in divorce and custody cases, almost every single client we have has been intimidated or overwhelmed by this process. It is our goal to walk our clients through it with clarity and ease, because while it is a substantial task it should not be a confusion one.

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