Add Number Fields Legal Colorado Alimony Forms For Free

First, take both parties monthly, adjusted gross income and add it together to get their combined, monthly adjusted gross income. Multiply that number by 40%. Subtract the lessor-earning spouse's monthly adjusted gross income. If the number is zero or less, there is no maintenance payable.

Factors Considered in Assessing Spousal Maintenance in Colorado The financial resources of the parties. The time needed for the potential alimony recipient to become self-sufficient, whether through education or training. The standard of living established during the marriage. The length of the marriage.

The court may change maintenance if circumstances have changed so that the current maintenance arrangement no longer makes sense and is unfair. The court will make this decision based on the information you provide.

Under Colorado's alimony statute, alimony can be terminated in a few ways: ing to any contract established by the parties involved, when one party passes away, or if the party receiving alimony remarries.

Post-Divorce Agreements to Change Alimony You'll need to submit your signed agreement to the court (typically along with a form requesting a modification), so that a judge can review it and make it part of a new, official court order.

Change in Income: A significant increase or decrease in either party's income can justify modifying alimony. For example, if the paying spouse loses their job or experiences a reduction in salary, they may request a reduction in payments.

Requesting Alimony Modification Either spouse may apply for maintenance modification. You may request to prolong or shorten the duration or increase or decrease the payment amount. As previously mentioned, the petitioner needs ample evidence for the request based on financial circumstances.

However, since spousal maintenance in Colorado is no longer taxable to the recipient nor tax-deductible to the payor, if the combined monthly income is $10,000 or less, 80% of the 40% calculation is what the Court will consider awarding.

A wife has the same rights as her husband to seek her fair share in divorce matters, such as property division and alimony (spousal maintenance). Each of these issues is determined separately during divorce, with its own guidelines and factors to consider.