Alimony in a Colorado Divorce Settlement
When you and your spouse have decided to divorce, the next step is the negotiation of the settlement. This will include how you split up the property that both of you currently own, the custody of the children, and whether one spouse qualifies for an alimony settlement. It is during this negotiation process that such agreements are made and if there is an impasse, it may be left to the court to decide.
Considerations of How Alimony Settlements Work
Every state has their own laws, rules, and regulations on how alimony works in terms of its setup and delivery to the spouse. There are a number of factors that will go into consideration when it comes to deciding the amount of alimony that is due.
This will also include income from sources outside employment, such as investments, dividends, and the like. However, in many states individual pensions are not part of the consideration.
In addition to the above factors, there are also issues of age, physical, emotional, or mental issues that may play a role in determining the alimony payments. For example, a person on a fixed income because they have retired will have that taken under consideration.
There are other economic factors that also may play a role in determining the amount of alimony that will need to be paid. It will be on a case-by-case basis that will be left up to the judge to determine if it is not settled in the negotiation process.
Once all of these issues have been settled either through negotiation or by the judge, the alimony will be paid on a monthly basis. For the person paying the alimony, having an automatic deposit system put in place will help since missing a payment will be seen as a violation of the agreement. You will need to consult with your Colorado divorce attorney for more details.