One of the most common concerns held by those who are facing a divorce is the impact that this decision will have on one’s future financial interests. It is normal to wonder how your divorce will affect your stability and security, and you will benefit from seeking terms that will allow you to face your future with confidence. For some spouses, they may be eligible for financial support from the other party.
You may have a rightful claim to support from your soon-to-be spouse. This is spousal support or alimony, and its intention is to offset the economic inequity often brought about by a divorce. If you think you may have a rightful claim to this type of support, it may be helpful to seek insight into who qualifies for this support and what you can do to get the help you need during this time of transition.
Types of alimony that may be available to you
You could be eligible for alimony if you earned less than your spouse during your marriage, or if you gave up your career in support of your spouse’s career. Each case is different, but the court will consider various factors when determining if spousal support is appropriate, including the length of the marriage, physical and mental capabilities of each spouse and more. There are different types of alimony a court may grant, including the following:
- Reimbursement alimony — The court grants this type of alimony to pay back a spouse for their contributions during marriage, such as financial support for graduate school.
- Rehabilitative alimony — This is for the transitional period after divorce during which the lesser-earning spouse may need to find employment or go back to school.
- Temporary alimony — This is alimony granted on a temporary basis, usually for a specifically designated time during which the receiving spouse is adjusting to new financial circumstances.
- Permanent alimony — This is alimony granted on a permanent basis due to certain factors, such as an inability to support oneself due to disability or age.
There are many different factors that can play a role in the determination of the duration and amount of alimony payments. If you believe you have a valid claim to this support, you may benefit from seeking support from a knowledgeable Colorado professional.