A Colorado Alimony Calculator, such as the one provided below, can help you obtain an estimate for alimony payments. However, remember to consult with an alimony lawyer in Colorado for a more accurate alimony calculation.
Alimony Calculator for Colorado Residents
Colorado alimony law mandates the payment of alimony in certain circumstances after a divorce or legal separation. The purpose of alimony is to ensure that a disadvantaged spouse can meet their financial needs after the marriage has ended. While alimony is typically awarded after the legal dissolution of a marriage, palimony can also be awarded, in certain situations, to unmarried couples.
You can use the calculator below to obtain an estimate of what alimony payments could or should be. This Colorado alimony calculator can only provide an approximation of alimony payments that one could be receiving or paying in Colorado. For a more accurate determination of a Colorado alimony payment, contact a lawyer in Colorado.
Why calculate alimony payments?
Using the Colorado Alimony Calculator can help you better understand how alimony is calculated in Colorado. Estimating the amount of alimony payments that one will pay or receive can be helpful in the legal divorce process. While the alimony determination can vary depending on the specifics of each case, the Colorado Alimony Calculator can help you obtain a rough estimate of how much you will be paying or receiving. For a more accurate determination of Colorado alimony payments, you should consult an alimony lawyer in Colorado.
Colorado alimony law was amended in 2014 and currently utilizes a formula to determine alimony payments if the combined gross income of the couple is less than $75,000; the Colorado alimony calculator is therefore ideal for those whose cumulative income falls in this range. For couples who have a combined gross income of greater than $75,000, the judge can make decisions about the alimony calculation as they see appropriate, so the alimony calculator may not accurately reflect the alimony that is awarded.
Colorado Alimony Calculation Factors
You may have questions about the Colorado alimony calculation, such as: “How is alimony determined in Colorado? More specifically, what is the alimony determination based on?” Deciding factors for alimony payments in Colorado include income, length of marriage, and whether there are children or no children from the marriage. Additional factors such as the emotional and physical conditions of the spouses, the ages of the spouses, and future earning capacity of each spouse can also play a role.
How long do alimony payments last and when can they be mandated by a court? Temporary and permanent alimony are two kinds of alimony that can be awarded under Colorado divorce law. Temporary alimony refers to payments made during the divorce process; permanent alimony, while not necessarily permanent, is part of the divorce’s final orders. In general, the longer a marriage, the longer the alimony payments can last.
Spousal Support / Spousal Maintenance
The Colorado Alimony Calculator could also be called the “spousal support calculator” or “spousal maintenance calculator.” This is because Colorado’s alimony laws changed in 2014, and among the many changes, the word “alimony” was officially changed to “spousal support” or “spousal maintenance.” Spousal maintenance or spousal support is awarded in Colorado only in situations where the financial circumstances of one spouse require it. This is in contrast to some states which can award alimony based on fault.