While divorce almost always invites a certain amount of emotional turmoil, high asset divorce cases often take this turmoil to another level. Although exact definitions of what it takes to be considered a High Net Worth Individual (HNWI), one common baseline is those with a liquid net worth of more than a million dollars. Whether a person has that much money or a little less of more, it's likely that it has brought them a certain amount of comfort and convenience in their lives that they do not want to give up. In some cases each person involved in the high asset divorce only wants to make sure they get their fair share and minimize any change to their lifestyle. In other cases they want to hold on to as much money as they can, at the expense of the other person. And sometimes they are barely money motivated at all. They just want out of the marriage and to move on with their lives. All of these emotional reactions can lead to people making crucial mistakes in the course of the divorce process that are not in their best interests. Here are some considerations that a person going through a divorce needs to consider carefully as they plan their case with their attorney.
In Denver, the courts use the term "parental responsibilities," instead of "custody." "Parental responsibilities" covers parenting time and decision-making responsibilities involving children. Deciding the amount of time the child will spend with each parent as well as deciding who will be responsible for making legal decisions for the child is known as "allocation of parental responsibilities."
As a Colorado parent in a divorce or custody battle, you may have engaged in parental alienation without even realizing it. That is because there are varying degrees of parental alienation. You may be wondering, what exactly is parental alienation? According to Psychology Today, parental alienation is, "a set of strategies that parents use to undermine and interfere with a child's relationship with his or her other parent." Just how intentional or often this behavior is occurring can affect the severity of parental alienation.
Going through a divorce can be incredibly difficult. Your family may have a number of challenges to overcome, and even with the best circumstances, it can still be a stressful time in your life. You may be considering relocation, but your ex may be trying to prevent you from taking your children. You could be trying to change visitation scheduling to better suit your child's schooling, but your ex-partner may want to stay on the schedule that fits best with his or her work.
During a divorce in Denver, you may be struggling to see the light at the end of this situation. Divorces can be very trying on anyone's patience, but the difficulties surrounding them just become more intricate and extreme when children are involved.
It's been argued that children shouldn't spend equal amounts of time with their parents following a divorce, despite the fact that more states are looking to provide more equal shared custody positions. A Nov. 14 report claims that there is a movement, and the Parental Rights Initiative was even proposed to require courts to give parents equal custody rights following a divorce. That measure was defeated, but why is that the case?
In some states in the country, grandparents' rights are not usually recognized. In Colorado, if a parent has denied the grandparents a right to see their grandchildren, the court assumes that the parent has acted in the best interests of the child.
After nearly 11 years of marriage, a hedge fund CEO is filing for divorce from his wife. The 45-year-old billionaire, Ken Griffin, said in his filing that irreconcilable differences caused their split and that they have been separated for more than a year. They also have three children together, and almost certainly many assets and financial issues that will need to be figured out in the coming months.
In another update to a story we told you about in August and December of last year, a Colorado juvenile judge has ruled that a man will now have a parenting role in his now-6-year-old daughter's life. The girl was adopted by her uncle and his wife in early 2008, after her mother gave up her parental rights.
A few weeks ago, we told you of a lawsuit filed by nine same-sex couples against the governor of Colorado, John Hickenlooper, as well as Denver's city clerk. The lawsuit challenges the constitutionality of the state's ban on same-sex marriage. The governor has never come right out and said that he approves of same-sex marriage. However, that changed this month.