Raising a child takes great skill, dedication and love. This is especially true after a divorce. But the law also understands that raising a child takes money. Everyone knows how expensive it is to keep a child happy and healthy.
As such, child support is one of the key child care issues that must be resolved in a divorce. Ensuring that there are sufficient financial resources to protect the child's best interests is absolutely crucial.
Split Simple's attorney-mediators understand Colorado's laws on child support and know how to craft a settlement that protects the best interests of your child and earns a judge's approval.
If you want to speak with our Colorado attorney-mediators about using mediation to resolve your divorce and provide adequate child support, please call Split Simple today at (855) 665-9920.
Colorado's Child Support Laws
Like most states, Colorado has opted to provide guidelines for the administration of child support. These guidelines are designed to ensure the child is adequately supported while taking into account the actual economic status of both parents.
The general goal in Colorado is to provide a lifestyle for the child that would be consistent with what he or she would have experienced had the parents stayed together.
Factors that will be considered when calculating child support include:
- The gross income of the non-custodial parent
- The gross income of the custodial parent
- Both parents' potential income
- Cost of living in the area
- The cost of child care
- Cost of insurance for the child
- Educational and travel expenses
The state of Colorado provides work sheets with precise percentages and figures – you can read the official guidelines at the state website here. Parents have some leeway to deviate from the exact numbers involved, but judges are usually reluctant to approve a significant deviation.
Split Simple's attorney-mediators will use sophisticated financial planning software to evaluate the income and income potential of both parents, as well as the cost of raising a child. We will then work together to create a child support plan everyone can support.
If you're considering a divorce and you want a process that puts your child's best interests first, please call Split Simple today at (855) 665-9920 or contact us online.