Colorado Spousal Maintenance
Prior to negotiating for “Maintenance” in the State of Colorado, a term also referred to as “Alimony” or “Spousal Support” in other states, the parties to divorce proceedings must consider whether the maintenance award will be modifiable or non-modifiable.
Most maintenance awards are subject to modification, meaning that either party can file a motion to modify the original court order. For some parties, modifiable maintenance is desired so they have the option of increasing, decreasing, or terminating the amount of the award if their circumstances change.
Non-modifiable maintenance is awarded only upon the agreement of both parties. The terms of contractual and non-modifiable maintenance define a fixed amount for a specific duration that will remain constant regardless of any changes in income or employment of either party. The risk inherent in agreeing to Non-Modifiable Maintenance is that, assuming the agreement is contractually sound, the Colorado courts will uphold and enforce the terms regardless of a change in circumstances.
0 Comments, 3493 Views