Centennial Alimony Lawyer
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When a couple divorces, one partner may seek spousal maintenance, also known as spousal support or alimony, from the other partner. This is money paid from one partner to the other on a regular basis after their divorce is finalized. An alimony order may be temporary or permanent, depending on what the court deems to be fair for the couple. Couples can waive their right to seek alimony in the event of their divorce in a prenuptial agreement, but this agreement is not always upheld in court. In cases where the court determines such a waiver is inappropriate, it may opt not to comply with it.
Temporary and Permanent Alimony
In most cases, alimony awards are temporary. They are meant to provide the lower earning spouse with a financial safety net until he or she is able to secure full time employment, which could be once the youngest child goes to school or once the individual finishes a degree program.
It is also possible for an individual to be awarded permanent alimony, which is maintenance paid until he or she dies, the paying spouse dies, or if the receiving spouse remarries. A permanent alimony order can also be terminated if the receiving spouse cohabitates with a new partner or if the paying spouse experiences financial difficulty that makes it impossible for him or her to keep paying.
How Alimony is Calculated in Colorado
In Colorado, a specific court formula is used to determine temporary alimony orders for couples whose gross incomes are less than $75,000 per year. It is as follows:
40 percent of the higher earning spouse’s adjusted monthly gross income – 50 percent of the lower earning spouse’s adjusted monthly gross income.
Some courts use this to determine permanent orders and temporary orders for couples with incomes in excess of $75,000 annually, but this is not required, nor is it always the case.
To determine an appropriate duration for temporary orders and amount for permanent and higher-income temporary orders, the court considers a variety of factors. These include:
- The length of the marriage;
- Each partner’s income and age;
- The lesser earning spouse’s employability;
- The standard of living established during the marriage; and
- How the couple’s property was divided.
Modifying or Terminating an Alimony Order
When paying alimony becomes a financial hardship, the paying partner may seek a modification of his or her order. He or she may have to provide documents to show his or her changed financial circumstances in order for the modification to be approved.
Work with an Experienced Centennial, CO Alimony Lawyer
If you are considering filing for divorce or if you have already done so, it is important that you work with an experienced Centennial alimony lawyer to protect your rights and promote your interests. Contact our team at Divorce Matters today to set up your initial legal consultation with us, during which we can discuss your case in greater detail and determine the most productive way for you to proceed with your divorce.
Divorce Matters® represents clients throughout Metro Denver and the Front Range including: Arapahoe County, Aurora, Boulder, Bow Mar, Castle Pines, Castle Rock, Centennial, Douglas County, Englewood, Cherry Hills Village, Denver, Greenwood Village, Jefferson County, Highlands Ranch, Littleton, Lone Tree, Louisville, and Parker.
Call Divorce Matters today at (720) 408-6595 to schedule an appointment with an attorney.