tailfins
04-09-2021, 09:08 AM
Any man that doesn't study the different divorce laws around the country and plan accordingly is just begging to be blindsided. Such is study will reveal just how gruesome Colorado can be. If a married man lives in Denver he might want to choose that watercolor painting class over that Cloud Computing class. He should not volunteer to work overtime to get that promotion. In other words, he should dumb-down his career as not to get too out of sync with his wife. Why is that?
Imagine getting stuck paying $5K per month for 10 years. AND There's no "right to retire" like there is in Massachusetts.
https://www.nocodivorcelaw.com/spousal-support-end-colorado/
CALCULATING SPOUSAL SUPPORTThe courts in Colorado will calculate the amount of a spousal support award using a complex percentage system. For example, they will take 40% of the higher-earning party’s monthly gross income and subtract half of the lower earner’s monthly income. If the higher earner has a gross monthly income of $10,000, for example, and the lower earner makes $5,000, the spousal support award would be $1,500 ($10,000 x 40% = $4,000; $5,000 x 50% = $2,500; $4,000 – $2,500 = $1,500). The percentages can depend on the length of the marriage. An attorney can help you calculate your potential spousal support arrangement.
THE LENGTH OF A SPOUSAL SUPPORT ARRANGEMENTIf a judge deems spousal support appropriate in a divorce case, he or she may order a temporary or permanent award to one party. Temporary awards are more common. They do not last for the rest of the recipient’s life. A temporary support order may last until the divorce is final if one spouse requested spousal maintenance during the divorce process. In other cases, a judge may make a temporary order part of the divorce decree. Colorado has a lengthy and detailed list of how long spousal support will last if the couple was married at least 3 years but less than 20.
3 years: 31% for 11 months
5 years: 35% for 21 months
10 years: 45% for 54 months
15 years: 50% for 90 months
20 years: 50% for 120 months
Imagine getting stuck paying $5K per month for 10 years. AND There's no "right to retire" like there is in Massachusetts.
https://www.nocodivorcelaw.com/spousal-support-end-colorado/
CALCULATING SPOUSAL SUPPORTThe courts in Colorado will calculate the amount of a spousal support award using a complex percentage system. For example, they will take 40% of the higher-earning party’s monthly gross income and subtract half of the lower earner’s monthly income. If the higher earner has a gross monthly income of $10,000, for example, and the lower earner makes $5,000, the spousal support award would be $1,500 ($10,000 x 40% = $4,000; $5,000 x 50% = $2,500; $4,000 – $2,500 = $1,500). The percentages can depend on the length of the marriage. An attorney can help you calculate your potential spousal support arrangement.
THE LENGTH OF A SPOUSAL SUPPORT ARRANGEMENTIf a judge deems spousal support appropriate in a divorce case, he or she may order a temporary or permanent award to one party. Temporary awards are more common. They do not last for the rest of the recipient’s life. A temporary support order may last until the divorce is final if one spouse requested spousal maintenance during the divorce process. In other cases, a judge may make a temporary order part of the divorce decree. Colorado has a lengthy and detailed list of how long spousal support will last if the couple was married at least 3 years but less than 20.
3 years: 31% for 11 months
5 years: 35% for 21 months
10 years: 45% for 54 months
15 years: 50% for 90 months
20 years: 50% for 120 months