Alimony is one of the top concerns likely on the minds of divorcing couples here. Alimony payments are payments one of the former spouses makes to the other following the divorce, which is why most divorcing couples will want to understand the ins-and-outs of how alimony is determined in our state.
Alimony may be awarded to either of the spouses and either spouse may request alimony as part of their divorce settlement. Alimony, also sometimes called spousal support, can be awarded in different ways and for different durations.
An alimony award may be permanent or temporary, lasting for months or years, or may be paid out as a single lump sum amount. It is important for both the recipient spouse to know how long they will receive alimony and the paying spouse to know how long they will be paying alimony.
A variety of factors are considered by the family law court when determining whether or not to grant an alimony award and for how much and how long. The family law court’s goal is for both spouses to be as financially secure as possible following their divorce and for both to move forward with a stable financial future.
Factors the court will consider when making an alimony award include the length of the marriage; the need of the recipient spouse and the paying spouse’s ability to pay; the age, health and earning capacity of the recipient spouse; the assets available to each party following the divorce; and if there was any domestic violence in the marriage.
Alimony can be a contentious issue during a divorce and the subject of understandable concern. Understanding how it is determined can help divorcing spouses better protect their interests and be better prepared to resolve the issue of alimony during their divorce.