When it comes to the alimony and spousal maintenance, that one party must pay through a divorce agreement, it is not a one-size-fits-all situation. There are different types of alimony that you may be required to pay or that you will be receiving. It's important that you understand they type of spousal maintenance payments you will be getting or responsible for paying so that you can effectively plan for the future.
When the Jefferson County family law court orders one party to pay alimony or spousal maintenance payments during a divorce, that is not an order that can just be ignored. Through a Wheat Ridge or Arvada divorce, the court recognizes the need for the separating parties to maintain their current standard of living. Especially when one party has a significantly lower income or is a stay at home parent. The court will order for maintenance payments to be made for a period of time in order to help the spouse with the lower income level maintain their lifestyle while trying to become financially independent. The amount of maintenance or alimony that is required to be paid is based on a calculation using current income levels. So, what happens if the party required to pay alimony loses their job?
A sworn financial statement (SFS) is a very important part of an Arvada, Wheat Ridge, or Jefferson County divorce, legal separation, allocation of parental responsibilities (if you have children, but were never married), or modification of alimony or child support proceedings. It provides the court and other involved parties details about your monthly income, expenses, debts, and assets. The SFS is a required document that must be notarized and filed with the Jefferson County Court. A copy must also be provided to your former spouse or partner, or their family law attorney. The information provided on the sworn financial statement must be accurate, complete, and true to avoid problems down the line - including possible criminal proceedings.