Category Archives: Alimony

Will Infidelity Impact Your Divorce in Colorado?

Adultery happens. In fact, marital experts estimate that around 20% of husbands and 13% of wives have been unfaithful at some point in their marriage. Fortunately, most marriages don’t end because of adultery. Instead, adultery often occurs after other problems have eaten away at the foundation of trust and affection that once underpinned a healthy...

What are Some Good Reasons to Reduce the Amount of Alimony I Pay?

When the court calculates your spousal maintenance order, it does so using all relevant factors about you and your spouse’s incomes, financial needs, and lifestyle at the time of your divorce. But as the years pass and your lives change after the original order is signed, your needs and financial realities can change dramatically. When...

Debt after Divorce

As married couples navigate life, it is common for them to incur various forms of debt. To be sure, a couple may purchase a house together and have mortgage debt; may buy a car and be liable for car payments; may go to graduate or professional school and incur student loan debt; may suffer a...

Navigating Divorce when You Co-own a Business

Navigating Divorce when You Co-own a Business In a divorce, a judge unwinds a couple’s financial entanglements. But what happens if you own a business together with your spouse? In addition to being co-owners, you probably both contribute to the business, and it will suffer if either one of you disappears altogether. For this reason,...

When Can I Stop Paying Alimony?

In many cases, upon divorce, one spouse may be ordered to pay alimony to the other for a set period of time. To be sure, alimony is given from one spouse to another in order to balance out things financially. Ultimately, the goal of alimony is to help the lower-earning spouse move forward after divorce...

Why Selling Your Engagement Ring Might Be A Good Idea After Divorce

Divorce can be full of challenges. Both emotionally and financially, this can be a stressful time and you will likely be looking for ways to overcome these difficulties. One of the most practical steps you can take is to sell the engagement ring. Why?   Financial benefits of selling your engagement ring With the costs...

What Happens To My Retirement Money In Divorce?

In Colorado, assets acquired during marriage are equitably divided between spouses in divorce. Retirement funds are often the largest liquid asset involved in divorce, and come with a lot of complex issues when it comes to division. The largest of these issues is taxes, and depending on the type of retirement fund you have, there...

Should I Ask For Spousal Support In My Divorce?

In Colorado, spousal support (called maintenance, also known as alimony) is not an automatic right in divorce. It is a decision made by the courts, typically when one party does not have sufficient assets to meet their needs following divorce and is unable to support themselves through gainful employment or has childcare responsibilities they cannot...

How Much Alimony Will I Receive In Divorce?

Calculation of spousal maintenance (or alimony, as you may have heard it called) is based on a series of factors. Maintenance will only be granted if the courts find that the spouse seeking it cannot provide for his or her reasonable needs and lacks sufficient property including property apportioned to him or her. Additionally, the...