When a divorce is finalized, it is possible that the judge rules that alimony is to be paid from one former spouse to the other. This is usually a temporary arrangement that helps one spouse to make the financial transition to economic independence.
Many people who are going through a divorce are confused and concerned about whether they will have to pay spousal support. If you are going through a divorce or considering filing for a divorce, it is important to understand how alimony orders could affect you in the future.
Why is alimony ordered by the courts?
Traditionally, there was a big financial divide between spouses. Therefore, alimony was a way to ensure that both spouses could afford to live after divorce had taken place. In today’s world, the economic divide has lessened, but many divorcing spouses still require some economic assistance while they prepare to become part of the workforce or take on more hours.
How is alimony decided upon?
When alimony is calculated, the length of the marriage and the ages of each spouse is taken into account. Individual incomes will also be calculated, and an assessment of the financially dependent spouse’s ability to increase his or her income in the future will take place. The disposable income of the financially independent spouse will also be taken into consideration so a fair settlement can be made.
If you have any concerns about alimony awards during your divorce settlement, it is important to make sure that you are well-informed about the likely outcome based on your particular circumstances.
Source: FindLaw, “Spousal Support (Alimony) Basics,” accessed June 08, 2018