Will Colorado Revise Maintenance Guidelines?
BOSTON (AP) - Legislation to revise Massachusetts spousal support guidelines was unanimously approved on July 20th by the state's House of Representatives.
The new bill would establish guidelines for spousal support payments including placing limitations on the duration of the payments, and terminating the possibility of the "lifetime" maintenance awards. According to Rep. John Fernandes, a Milford Democrat and the House chairman of the Alimony Reform Task Force, "The legislation establishes a policy of encouraging divorcing parties to divide assets and begin living independently as soon as is practical."
One of the most interesting aspects of the proposed changes was that the new bill would determine the amount of time that a spouse could receive maintenance, and that amount of the award would be based on the length of time the couple was married.
For example, for a marriages that lasted 5 years or less, the maximum amount of alimony to be paid would be half of the number of months of marriage, or 2 1/2 years. For marriages that were 15 years or more, the maximum alimony term would be 80 percent of the months of marriage. Support would end at the federal retirement age for most marriages that lasted more than 20 years.
Located in Denver (303) 299-9484 and Fort Collins (970) 472-1838, The Harris Law Firm is Colorado's largest family law firm. Focusing exclusively on Colorado Divorce and Colorado Child Custody and Support, the firm's philosophy is to work with you to resolve your legal matter in the best way possible. When you consult with one of our attorneys, the expert legal advice you receive will help you understand your rights and options according to Colorado law. And when you retain this AV rated firm, the many years of combined experience provided by your legal team will ensure that the resolution of your case is handled in the most organized, timely, cost efficient and effective manner possible. If you want to limit conflict and protect your rights, call us today to schedule a private consultation in our Denver or Fort Collins offices. Call us at 303 299 9484 or send us an email at info@harrisfamilylaw.com.
0 Comments, 399 Views
