Spousal support, or alimony, helps one spouse financially after a divorce. Understanding how spousal support works can clarify what to expect during and after the divorce process.
Temporary spousal support
Temporary spousal support helps cover expenses during the divorce process. It ensures the lower-earning spouse can maintain their living standards while the divorce is ongoing. The court usually decides the amount based on immediate financial needs and temporary living conditions.
Permanent spousal support
After the divorce, the court may grant permanent spousal support. This type intends to help the lower-earning spouse longer-term. However, “permanent” does not mean it lasts forever. It can change or end based on future circumstances.
Factors considered by the court
The court looks at how long the marriage lasted. Generally, longer marriages result in longer or higher spousal support payments. The couple’s standard of living during the marriage plays a role in the court’s decision.
The court reviews both spouses’ financial situations, including income, assets, and expenses. Non-financial contributions, like homemaking or raising children, also are important. These contributions may have impacted one spouse’s ability to earn income.
Additionally, the court assesses each spouse’s ability to earn in the future. If one spouse needs time or education to become self-sufficient, the court may provide support to help with this transition.
Moving forward
In approaching divorce, understanding the dynamics of spousal support is crucial for making informed decisions that will impact your financial future. Awareness and preparation can significantly influence the outcome, ensuring that both parties can move forward with clarity and confidence.