Lakewood Alimony Lawyer
Spousal maintenance, also referred to as alimony, is a set of court-ordered payments made from one former spouse to the other post-divorce. The payments are meant to help support the lower-earning spouse until they can be financially stable on their own, or depending on the circumstances, alimony may be paid for life. At Divorce Matters, our attorneys understand how alimony payments can change the lifestyle of both parties for the better or the worse. We fight on the behalf of our client to ensure that the spousal maintenance amount will either be adequate to support them, or reasonable for them to pay.
What is Taken Into Consideration When Spousal Maintenance is Calculated?
In Colorado, there is a formula that can calculate the amount of alimony that should be paid in a divorce. Judges use this calculation as a guideline during the divorce so that court-ordered alimony is more equitable and consistent across the state. When calculating the amount of money, the following is taken into consideration, according to statute 4-10-114:
- Length of the marriage;
- Income and future potential earnings of each spouse;
- Property owned together and separately;
- The financial needs of each spouse based on the lifestyle created in the marriage;
- Age and health of each spouse;
- Child custody and child support payments; and
- Potential training or education one spouse may need to become financially stable.
Types of Spousal Support
Colorado spousal support comes in various forms. The most common is temporary maintenance. Temporary maintenance is paid for a predetermined amount of time and is used to help get the lower-earning spouse back on their feet after a divorce. Or, it may be awarded only during the divorce process to allow the lower-earning spouse to continue living the lifestyle that they were accustomed to during the marriage. Spousal support agreements can be changed at a later date. For instance, if the initial agreement was set for three months, when that time is coming to an end, it could potentially be lengthened. Spousal support is also given for education and job training purposes as well to assist the lower-earning spouse to retrain for employment in the future. Permanent maintenance is rare, and is only awarded when there is a great difference in finances between the two parties when the court decides that it would be very difficult for the lower-earning spouse to be self-sufficient, or if the lower-earning spouse is of advanced age.
Contact Divorce Matters To Learn More About How Spousal Maintenance Can Affect You
According to Fox31 Denver, Colorado couples go through approximately 22,000 divorces a year. With the family courts seeing that many different couples’ financial situations, they can miss important details of what might be best for each individual as they leave the relationship. Our Lakewood, CO alimony lawyers at Divorce Matters have the knowledge and experience to ensure your alimony payments or award will leave you financially stable into the future. Contact us today for a free initial consultation to learn how we can help you through your divorce.
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Our highly-accomplished divorce and family law attorneys practice throughout Colorado, including: Adams County (Arvada, Aurora, Brighton, Thornton, Westminster); Arapahoe County (Aurora, Centennial, Cherry Hills Village, Englewood, Greenwood Village, Littleton); Boulder County; Broomfield County; Denver County; Douglas County (Castle Rock, Highlands Ranch, Lone Tree, Parker); Elbert County (Elizabeth, Kiowa); and Jefferson County (Arvada, Golden, Lakewood, Morrison, Wheat Ridge).