Qualifying For Spousal Support And Alimony
At The Bruntz Law Firm, LLC, we represent individuals who are seeking spousal support or desiring to defend against unreasonable requests for support. Our clients include both men and women in Parker and Douglas counties and beyond.
Here are a few basics to know about spousal support (often referred to as alimony) in Colorado:
- You may have to pay a certain amount to your ex-spouse if you were married more than three years and your income is substantially greater than his or hers. (Note: This is not set in stone. The court has the power to award alimony at its discretion.)
- Spousal support involves tax consequences. Typically, money received is considered taxable income, and money paid is considered a tax deduction.
- Spousal support payments are often associated with child support payments.
Colorado’s New Law Regarding Alimony Amounts
On Jan. 1, 2014, the law changed significantly. Although the court still has the power to award and determine support in its discretion, now there are formulaic guidelines in place to determine support amounts and durations. These guidelines take into account both parties’ income levels and the duration of the marriage, among other factors. In most cases, the greater the disparity of income and/or the longer the marriage lasted, the greater the amount of support that will be ordered.
Arrange A No-Cost, No-Obligation Consultation
Divorce and its attendant financial concerns are painful, but with the help of our experienced and professional lawyer, you may find that the anxiety fades as we help you prepare for a brighter, more successful future. For a free consultation with our Broomfield and Parker alimony attorney, call 720-837-2960 or contact us by email.