The divorce process has several terms associated with it. Two of the terms you may hear are spousal support and alimony. While these terms are different, they both mean the same thing. When it comes to alimony there are some basics that can be quite helpful.
Who gets it?
In a divorce, the spouse with the highest salary may pay their ex-spouse alimony. The judge will determine if it is paid and how much based on many factors. Generally, it is the individual, who makes less in the relationship.
What is it?
Alimony is compensation paid to a spouse to help finance the home or to help with career development after a separation. It is also offered to help the spouse who may end up with financial problems. Many times, it is the most hotly contest issue after time sharing issues.
How much is it?
When it comes to the amount of alimony paid, it depends on several factors. Some of the things the judge will take into consideration are, the former spouse’s age, emotional state, physical condition, and financial condition. Other things that are looked at are the couple’s standard of living, amount of education needed to become self-sufficient, length of marriage, and the ability of the spouse paying to support both his or her spouse as well as themselves.
What kind of alimony is there?
There are four basic categories of alimony.
- Temporary – Given to the spouse for a set period of time;
- Permanent – Given to the spouse who earns less until remarriage or death;
- Rehabilitative – Given to the spouse who earns less until they are self-sufficient through some sort of formal training or education, generally; and
- “Bridge the Gap” – Given to a spouse with the sole intent to assist them from transitioning from married life to being single.
If you have additional questions about alimony or anything related to divorce or child sharing, please don’t hesitate to contact us.