spousal support and alimony

Spousal Support (Alimony)

Spousal support, also refereed to as spousal maintenance or alimony, is likely an issue whenever there is a significant difference in personal income between the two spouses.

What is Spousal Support used for?

Spousal support is designed to provide the lower-income spouse with money for living expenses regardless of gender. The existence, amount and duration of monthly spousal support payments will be defined either by the court or a settlement agreement.

How Is It Calculated?

Courts make determinations regarding spousal support after considering many factors such as:

  • the length of the marriage,
  • the standard of living during the marriage,
  • as well as the age,
  • health,
  • earning capacity
  • and job histories of both individuals.

In many cases, it's imperative to negotiate or litigate to achieve a minimization or termination of this sometimes oppressive obligation.

Men generally have greater exposure to Spousal Support (97-98% of payers are men) and this issue can have a profound impact on how they live day-to-day and plan for retirement.

Related Reading: How The New Tax Plan Changed Spousal Support
Related Reading: If They Leave The Home, Am I Responsible For All The Bills?
Related Reading: How Major Purchases Can Affect Your Divorce

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