Alimony is financial support that a person is ordered by a court to give to his or her spouse following divorce. The purpose of alimony is to minimize unfair economic effects of a divorce by providing a reoccurring income to a supporting spouse. A supporting spouse is typically the spouse with a significantly lower-income or no income at all, such as a stay-at-home parent.
Once the judge has come to a decision in determining the eligibility of a spouse, it will then be determined how much support will be paid, for how long, and the method of making payments. Each spouse’s ability to provide for their own minimum reasonable needs will be reviewed as well as any property obtained in the divorce agreement.
Alimony has come a long way, but it is still not guaranteed or automatic. When filing for divorce, alimony must be included as sought after relief. When preparing for a divorce it is extremely important to think about hiring an attorney when you have marital assets, debts, child support and custody disputes.
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