As you go through a divorce, you will have many questions regarding your financial future. Will you have enough money to get by? How will you be impacted by matters of property division?
In some cases, divorce leads to alimony. However, it’s important to note that this is not always true. Just because two people divorce does not mean that the court will require one person to pay the other alimony.
Alimony, also known as spousal support, is nothing more than a payment that one person makes to another in order to improve his or her financial situation. The court takes into consideration the circumstances of both individuals, both before and after the split.
If you think you deserve alimony, there are a variety of eligibility requirements that must be met. For instance, you must have been married for a certain period of time, often a minimum of 10 years. Along with this, you need to be able to prove that you have limited work experience or education, meaning that you won’t be able to provide for yourself in the future.
In some cases, alimony is not paid month after month. Instead, the divorcing couple can reach an agreement for one party to pay the other a lump sum.
There are situations in which divorce leads to alimony. There are also times when both parties simply move forward, with neither one required to pay spousal support. It is a good idea to know your rights, as well as how alimony works, as you begin to move forward with a divorce.
Source: FindLaw, “Alimony,” accessed May 26, 2016