Alimony and Spousal Support
Alimony or spousal support is an amount of money that one spouse pays to another either on a temporary or permanent basis, during a divorce or for a certain amount of time after a divorce has been granted.
Alimony used to be largely awarded to women. However, as more and more families are two-income families with both spouses working, alimony can be awarded to either the husband or the wife depending on certain factors.
How is Alimony Determined?
There is no set formula for determining alimony; rather, the court will take other factors into consideration, including:
- The current earnings of each spouse
- Each spouse’s earning capabilities
- Age and health of both spouses
- The conduct of each spouse during the marriage
How Long Does Alimony Last?
The duration of an alimony order depends on the judge in your case. After examining the facts in your case, he or she will determine whether the alimony will be:
- Paid in one lump sum
- Paid in installments
Alimony will be terminated immediately if the receiving spouse remarries or passes away.
Alimony is one of many complicated issues that must be worked out in a divorce. If you and your spouse are ending your marriage, you need an advocate who can help you navigate this terrain. Contact Wadkins & Wadkins today for help with your case.