When you begin a divorce or parenting case, be prepared to share bank statements, debt statements, tax returns, and documentation of your income. Each type of document will be relevant to dividing a marital estate or for establishing child support.
Child Support
Child support in Colorado is determined by a formula. It uses the parties’ incomes to calculate a base amount of support required for each parent and includes adjustments for health insurance, day care, and other agreed-upon expenses. The goal is for the parents to share the costs of raising the children in an equitable way.
Parents today probably know the term “custody” from their childhoods or from the internet. However, that’s not the term that applies in Colorado.
Not so long ago, spousal maintenance – what we used to call alimony – could be ordered by the Court on a permanent basis.