Alimony or spousal support can simply be termed as the support which is provided by a spouse to their partner after the dissolution of a civil union. This financial help is granted to provide necessary and reasonable support to a disgruntled party who has proven that he or she needs some form of stipend. Assistance laws vary from one state to another, but the foundations of these laws are based on the same basic principles. Spousal support is normally granted or withheld after hearing the divorce case. Temporary alimony is the term for support that can be granted during the divorce proceedings if there is proof that it is necessary.
One fact that many people overlook is that the monthly monetary value awarded to a partner can only be requested during the divorce proceedings. Alimony is only entitled to parties who were in a legally bonded marriage that is recognized by state laws. In most circumstances, the longer the union lasted, the higher the amount awarded. The length of the financial assistance received can be agreed upon by the parties but if they cannot reach an agreement the judge will provide his own timeline. However, the terms of the spousal support can be changed if a significant event occurs and the judge deems it fit to alter the initial agreement.
The purpose of providing one party additional income is to sustain the standard of living that a person was receiving while in the marriage. A mediator will help to determine how much a spouse should receive to return to the economical state they were previously living. The money agreed on also has to be fair, reasonable, and within the means of the person providing the support. The law also requires that the one receiving the financial advantage should show considerable effort in improving their lifestyle. If a spouse has not paid or is consistently late paying, the aggrieved party could file a contempt case to force the other party to pay what is due.
1. Spousal support is not permanent
In the distant past, this used to be commonplace, but the playing field has now changed. The financial help is now mostly given for short periods of time as agreed by the parties or the time frame given by the judge. If it is given over a longer time period, the support is not much, and it normally decreases with time. However, permanent alimony does exist in extreme situations, and it is supposed to be provided until death.
2. Spousal support can be granted to either party
Men and women alike are entitled to spousal support under the law. Unlike child support, fiscal maintenance, to some extent, represents both genders who give aid.
These are some of the most common issues that arise whenever divorce and finances are mentioned. Any person should remember that laws regarding financial assistance differ from one state to another and constantly change. Therefore, it is prudent to engage the services of an attorney as early as possible.