How Much Alimony Will I Pay or Receive?
People considering or beginning a divorce understandably want to know how much they may receive in spousal maintenance or how much they can expect to pay. Unfortunately, spousal maintenance (aka alimony) is part science and part art. I’ll explain what’s science and what’s art in separate posts.
First, you should understand the preliminary factors that are considered when a party requests spousal maintenance. Under C.R.S. 14-10-114, the court must analyze the following five factors:
- The amount of each party’s gross income;
- The marital property apportioned to each party in the divorce;
- The financial resources of each party, including but not limited to the actual or potential income from separate or marital property;
- Reasonable financial need as established (lifestyle) during the marriage; and
- Whether maintenance awarded pursuant to this section would be deductible for federal income tax purposes by the payor and taxable income to the recipient.
Next, we’ll deal with the history of spousal maintenance before tackling the science and art that go into determining the duration and amount of maintenance.
Find Out More
To discuss how these factors may impact your situation, contact one of our divorce lawyers at Kalamaya | Goscha. We are a Colorado law firm founded by Ryan Kalamaya and Amy Goscha. Our team specializes in divorce, child custody, and family law. Kalamaya | Goscha has law offices in Edwards, Aspen, Glenwood Springs, Denver & Boulder. To speak to an attorney call (970) 315-2365.