What happens to alimony if the payor dies?

In the state of Colorado, if the payor of alimony, meaning the person receiving the alimony payments, passes away, then any remaining alimony payments owed to the recipient will be terminated. This means that the recipient will not receive any further payments. If the death of the payer occurs prior to the alimony obligation being satisfied, then the recipient will not receive the remaining payments owed. To ensure that the recipient receives the full amount of alimony which has been awarded, the payor will typically be required to purchase a life insurance policy which will provide the recipient with the balance of the alimony payment in case the payor were to die prior to the full obligation being satisfied. However, if the payor dies after discharging the full alimony obligation, then the recipient will no longer be entitled to receive any further payments. In addition, the recipient would not be entitled to receive any additional payments outside of what was agreed upon in the alimony agreement. In any situation, it is important for the parties to consult with a lawyer in order to understand the specifics of their alimony obligations in the state of Colorado.

Related FAQs

What are the different types of alimony?
Is alimony awarded in all divorces?
Does alimony have to be agreed upon by both parties?
Is alimony reduced if the payor earns less than the recipient?
Is alimony enacted differently in each state?
Is alimony awarded if the recipient moves to a different state?
How is alimony affected if either party moves to a new state?
How long is alimony typically paid?
Can alimony be increased if the payor's income increases?
Are alimony payments taxable to the recipient?

What happens to alimony if the payor dies?

Related FAQs

Related Blog Posts