As the reality of divorce settles in, you may begin to worry about how you will support yourself financially in the future, especially if your spouse is the sole or primary breadwinner.
What standard of living will you have?
Will you be able to provide stability for yourself and your children?
Can you afford your mortgage? Will you have to move?
The path forward may feel overwhelming and riddled with challenges, from managing your immediate financial needs to establishing long-term stability, all while dealing with the stress and emotional pitfalls that come with divorce.
These questions and emotions are where a spousal support lawyer comes in.
Why Choose Our Spousal Support Services?
Your financial stability is our priority.
Divorce entails more than just a legal separation – it often requires an intricate untangling of shared lives, especially when it comes to your financial picture.
Spousal support, what Colorado calls alimony, is a pivotal component of your overall financial picture, acting as a safeguard to prevent economic instability as you transition into a new chapter of your life.
But why entrust us with your spousal support matter?
Here’s why:
A Comprehensive Look at Your Financial Picture:
It’s important to know that spousal support is just one piece of a larger financial puzzle. Property division can affect the amount of spousal support you receive.
Our team will ensure you have a good understanding of your whole financial situation. This is important so that you’re not just focusing on your immediate financial needs but also considering the long-term financial impact of property and asset division.
We will work diligently to ensure you get the fair division of assets and the financial support you’re entitled to. We also aim to help you mitigate situations where apparent security crumbles due to unforeseen financial strains down the line.
You deserve someone who genuinely cares:
You’re not just another case to us.
You’re a person who deserves to have a solid foundation upon which to build your future. We will listen to your needs and desires and help you achieve the best possible financial outcome from your divorce.
A Wealth of Specialized Experience at Your Service:
Family Law is all we do. We’re not a jack-of-all-trades firm. We are Family Law experts.
Decades of specialized family law experience give us both the foresight and hindsight needed to help you anticipate and navigate potential financial pitfalls.
Our legal team is adept at identifying issues that may compromise your financial health in the future, steering you clear of them through strategic legal maneuvers and informed decision-making.
Alleviating Your Concerns and Providing Clarity:
We understand the cloud of concerns that envelop the unknown, especially regarding your financial future post-divorce.
Our experienced spousal support attorneys will demystify the complex and provide clear, comprehensible insights into your future and the options available to you. We aim to alleviate your concerns by providing a clear path forward, ensuring you understand each step and decision made along the way.
Dedicated to Your Financial Independence:
Your financial independence is our goal. We prioritize equipping you with the knowledge, resources, and legal support necessary to ensure you can stand firm on your own financial footing post-divorce.
Our strategies and support are structured to prioritize both your immediate financial needs and your ongoing and future financial security.
In a nutshell, your financial stability and security are of utmost importance to us. While our expertise lays a very solid foundation, our genuine care, unwavering support, and dedicated advocacy make us stand out as your preferred choice for spousal support services.
Connect with us to protect your financial future throughout the challenges of divorce, and let’s pave the way to your stable, secure future.
Understanding the Different Types of Spousal Support
As you navigate the divorce process, knowing the different types of spousal support and which type you’re eligible for is important.
The types of support outlined below serve as a financial bridge during transitional phases and assure that fairness is integrated into your dissolution of marriage.
Temporary Support:
In a Nutshell: Financial support during and after the divorce process.
During the divorce process, the lower-earning spouse may be awarded temporary Support to address urgent financial needs.
For a marriage lasting three years or longer, the lower-earning spouse is typically awarded support for a set amount of time after the divorce. If your marriage has been for less than three years, you may still be eligible for support.
Permanent Support:
In a Nutshell: Life-time support in specific situations.
Permanent support isn’t awarded in most situations. This type of support is generally reserved for circumstances where one spouse cannot achieve financial autonomy due to factors like age, illness, disability, or insufficient employment skills.
In essence, if a spouse cannot sustain themselves financially in the foreseeable future, permanent support might be awarded to safeguard their financial well-being.
Rehabilitative Support:
In a Nutshell: Financial aid to regain self-sufficiency.
Rehabilitative support has a defined purpose and period of time. It aims to support the recipient spouse temporarily while they acquire the necessary education or training to become financially self-reliant.
This support is not indefinite but spans a predetermined timeframe, deemed sufficient enough to enable the spouse to re-enter the workforce with stability.
Reimbursement Support:
In a Nutshell: Financial payback for supporting a spouse’s education.
When one spouse has financially contributed to the other’s education or career advancement during the marriage, reimbursement support comes into play.
This form of spousal support compensates the contributing spouse for their financial investments into the other’s career, recognizing and repaying their monetary contributions.
Now that you know what the different types of spousal support are, let us take a look at what can affect how much spousal support you receive.
Factors that influence Spousal Support Decisions
There are a variety of factors that influence spousal support decisions in Denver, Colorado. These factors include the length of the marriage, how marital property is divided, the employment and earning potential of both parties, the age and health of the parties, and child support.
The court considers these factors to ensure a fair and equitable outcome for both spouses.
Length of Marriage
The length of your marriage has a direct effect on the duration of support. Colorado has a guideline chart to help determine the length of payments, which we discuss in our article, “How Long Do You Have to Pay Spousal Support.” The longer your marriage is, the longer the duration of payments you’ll receive will be.
Marital Property Divison
As part of your divorce, property, assets, and debts that are considered marital property will be divided between the parties.
The division of marital property can help paint a clear picture of each spouse’s financial situation following the divorce.
The court will evaluate the respective contributions of each spouse to the marriage, their respective economic circumstances, and the marriage’s length when determining the division of marital property.
Employment and Earning Potential
A spouse’s employment status and earning potential are considered when determining spousal support.
The court assesses the current job, ability to find a job, and potential to earn more money for both spouses when deciding the amount of spousal support to allocate.
This evaluation ensures that the support payments are aligned with each spouse’s financial capabilities and needs.
Age and Health of Both Parties
The age and health of both parties can influence the court’s decision on spousal support, particularly in cases involving permanent support.
Suppose the recipient spouse is in poor health or of an advanced age. In that case, it can impact the award of spousal support, as their ability to become self-supporting in the future may be compromised.
The court may also consider the age and health of the recipient’s spouse when determining the amount.
Child Support Can Affect Spousal Support
Child support and spousal support are often intertwined in divorce cases, with child support being determined first and potentially impacting spousal support.
To ensure that the financial burden on the paying spouse remains fair and equitable in light of the total support obligation, the amount of child support received may change the amount and duration of spousal support received.
Knowing the interaction between these two forms of support is important to guarantee a just and balanced outcome in your divorce case.
Determining Child Support
Child support is determined based on both parents’ income and the child’s needs. This calculation ensures that the child’s financial needs are met and that both parents contribute fairly to their upbringing.
You should seek the counsel of a Denver child support lawyer to get a clear understanding of how child support is determined.
Spousal Support Can Be Modified or Terminated
Spousal support can be modified or terminated under certain circumstances, such as financial changes, remarriage, or death.
It is important to know when and how these changes influence your spousal support payments as they directly affect both parties’ finances, rights, and responsibilities.
Modification Due to Financial Changes
Support payments may be modified if there is a significant change in either party’s financial situation.
In such cases, you or your spouse may request to modify your alimony arrangement to reflect better your or your ex’s current financial circumstances, including the ability to pay alimony.
This adjustment ensures that spousal support payments remain fair and equitable for both parties.
Termination Upon Remarriage or Death
Spousal support typically terminates upon the remarriage or death of the receiving spouse.
In these cases, the obligation to pay support ends, providing financial relief for the paying spouse and reflecting the changed circumstances of the recipient spouse.
Shaping Your Financial Future During Your Divorce
Divorce is not just an emotional journey but a financial maze filled with critical decisions that shape your future.
A guiding hand ensures that fairness and financial security are achieved through the monetary complexities that come with divorce.
Protect your financial future with the expert guidance of our spousal support lawyers.