Spousal Maintenance Formula | Colorado
What is alimony based on in Colorado? Alimony, we actually don’t use that word here in Colorado. It’s the same thing, but we use the word maintenance. The reason we use the word maintenance is because it’s need-based here in Colorado. It’s not as if you just should have maintenance/alimony because someone’s at fault or someone’s been bad and they need to be punished.
Here in Colorado, regardless of how bad the other party is, you’re not going to be able to get alimony or maintenance unless you fulfill on what we now have as a formula or such. So here in Colorado, we have a formula. It went into effect at the beginning of 2014. It is a new formula. It doesn’t go into effect unless you’ve had at least three years of marriage. If you are under three years of marriage, then the formula doesn’t apply. You might be able to get short term, temporary maintenance/alimony to tide you over until you get a job. But the formula itself won’t come into effect unless you’ve married a relatively significant period of time – three years. Once you hit that three year mark, the formula comes into effect and, whereas historically, we used to argue about maintenance all the time, now there’s less argument about it because judges like formulas.
Formulas make things easier. The maintenance formula itself has some complexities to it that are beyond this video, however suffice it to say, a thumbnail if you wanted to use it would be that the spouse that needed maintenance would probably get 40% of the other spouse’s salary minus – I don’t know if you can stick with it – minus 50% of the salary that the spouse who has less income already makes, and then the only question at that point is the period of time that you’d get the maintenance. It’s between a third of your marriage to half of your marriage, depending on how long you’ve been married. So the longer you’ve been married, the closer you’re going to get to the halfway point for the number of years that you would get maintenance.
For instance, if you’ve been married for (20) years, you’ll probably get maintenance for (10) years. And if you are a stay at home mother, let’s say, and you haven’t worked in years and years and years and you’re in your 50s, chances are you’ll get 40% of your spouses salary for that ten years. Now you can’t– I’m not promising that’s exactly right because like I said, there are many complexities to the statute and you’d have to come in a really sit down with me and really look for me to come up with what that maintenance formula will look like. So don’t take it as gospel. I’m just saying, that’s kind of a thumbnail sketch of how we do maintenance currently here in Colorado.
By: Leslie Matthews