Browse Category For

Divorce

Showing: 1 - 1 of 1 Articles
separation

Alimony: What You Need to Know

When a couple divorces, the issue of alimony often comes up. So, if you are getting a divorce, you have come to the right place. This blog post will discuss alimony in detail and answer some of the most common questions about it.

What Is Alimony and How Is It Determined?

Alimony is a type of payment from one spouse to another following a divorce. The purpose of alimony is to provide financial assistance to the receiving spouse so that they can maintain their standard of living after the divorce. Alimony is typically paid monthly, and it may be ordered for a set period of time or until the receiving spouse remarries.

accounting

The amount of alimony that a spouse receives is typically based on several factors, including the couple’s income and property division. The court will also consider the length of the marriage, the age and health of both spouses, and whether one spouse was primarily responsible for taking care of the home and children while married.

How Long Does Alimony Last for, on Average?

The average length of alimony payments is around five years, but it can vary depending on the factors involved in each case. For example, if one spouse was unemployed for a significant period of time during the marriage, they may be awarded alimony for a longer period of time. Conversely, if the couple was married for a short amount of time or if one spouse is relatively young and healthy, the alimony payments may be …