Is alimony permanent or temporary?

In Colorado, alimony is typically awarded on a temporary basis, meaning it will terminate at an appointed date. Generally, alimony is meant to provide financial assistance for a spouse who does not have the same earning power as the other partner. This assistance may be necessary for the receiving spouse to become financially viable and independent. In Colorado, alimony is usually awarded on a temporary basis and lasts for an appointed time period. Most alimony awards may be reviewed, however, if conditions change substantially. For instance, if the receiving spouse gets a job or enters a college program that can improve their earning power, alimony may be altered or terminated. Though some courts may award permanent alimony, this is not usually the case in Colorado. Permanent alimony is only awarded in very limited circumstances, such as when one of the spouses is disabled or too elderly to acquire gainful employment. In addition, many courts have started to favor awarding alimony based on a formula, in which the duration of the award is determined by specific variables, such as the length of the marriage. Therefore, in Colorado, alimony is typically awarded on a temporary basis. This allows the receiving spouse to become self-sufficient, while also providing the paying spouse with closure on their financial obligations. Courts may review alimony awards, based on changes in the receiving spouse’s circumstances, however, permanent alimony is usually reserved for very specific cases.

Related FAQs

Is alimony taken into consideration when calculating child support?
What is a permanent alimony award?
Does alimony have to be paid for the entire length of the marriage?
Does alimony stop if the recipient is living with a new partner?
Are alimony payments considered part of the marital estate?
Are alimony payments deductible for both spouses in some states?
How is alimony affected by cohabitation?
Is alimony reduced if the payor earns less than the recipient?
How does a court decide who will pay alimony?
Is alimony paid in perpetuity or for a fixed period of time?

Is alimony permanent or temporary?

Related FAQs

Related Blog Posts