What Can Alimony Be Used For?

What Can Alimony Be Used For?

Marriage is more than an emotional bond, it’s also a legal contract. Ending that legal contract has consequences which sometimes include orders for spousal support, maintenance, or alimony — all terms used to describe one spouse’s order to pay a monthly monetary amount to the other party during a separation or after a divorce. Colorado law explains the idea behind alimony as necessary to level the playing field in cases where the economic relationship in a marriage can’t be fairly…

Spousal support: Can I change my alimony payment terms?

When a couple decides to terminate their marriage, one of the issues they will have to deal with is spousal support. Also known as maintenance or alimony, this is a court-directed payment that one party makes to the other during and after finalizing the divorce. Spousal support can be permanent or temporary depending on the duration of marriage and the parties’ financial situations at the time of the divorce process. Spousal support payment, just like child support, is not cast…

Modifying your spousal support order

Divorce can bring a number of stressors into the lives of those who decide to split up, but these challenges can be mitigated by carefully going over the ins and outs of the situation and knowing which way forward is best. For example, someone who is facing hardships due to losing a job or a health problem may have a hard time paying their spousal support. However, they could be able to have their spousal support order modified, which would…