Best Divorce Lawyers in Broomfield, CO

Co-parenting is not just about sharing custody and making joint decisions for your children; it also requires careful financial planning and consideration. While it may not be the easiest aspect of co-parenting to navigate, proper financial planning can foster a more stable environment for your children. Lets discuss key factors to keep in mind when it comes to co-parenting, such as child support, financial disclosures, and co-parenting expenses so that both parents fulfill their financial obligations while prioritizing their children’s well-being. Child Support And Legal Obligations Child support is a fundamental financial responsibility of co-parenting. It is legally mandated to ensure that both parents contribute proportionally to their child’s upbringing. Some crucial things to consider include: 1. Determining the amount of child support: Each state has guidelines to determine the appropriate amount of child support. In Colorado, the court considers gross income (before taxes) of both parents, the number of overnights the child spends with each parent, and expenses, including health insurance and daycare. 2. Documenting child support: It is crucial for child support payments and agreements to be clearly documents and accounted for to avoid misunderstandings or disputes down the line. These agreements should detail the amount, frequency, and method of payment.