Maintenance

The Colorado State Legislature has passed a new maintenance statute which has been signed into law by Governor Hickenlooper.  The new maintenance statute only applies to a Petition for Dissolution of Marriage, Legal Separation or Declaration of Invalidity, or an Action for the Initial Establishment of Maintenance filed on or after January 1, 2014.  This statute establishes guidelines for the amount and term of maintenance and expands the factors effecting the amount and term of maintenance with an extensive definition of the term, “gross income”, as it is used for the determination of maintenance.  The new maintenance statute is a long time coming and will greatly aid parties in crafting maintenance awards that are fair, equitable and more consistent across judicial districts, as indicated in the stated purpose of the new act.  It would not be surprising to see parties voluntarily using the provision of the new statute to craft maintenance in stipulations before it actually takes effect.

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