Often times in a relationship, one partner earns more money than the other. In some relationships, one partner earns no money at all but takes care of other important jobs in the household – such as being the primary caregiver of the children, taking care of the upkeep of the house and more. In a case like this, the partner who earns little or no money can be left without the means to support themselves if a divorce takes place. For this reason, a judge may order that the earning partner pay alimony for a determined period of time. Here are the different types of alimony.
Alimony is a legal obligation of one spouse to make monetary contributions to the other spouse when separation or divorce occurs. There are many reasons why a spouse may be required to pay alimony, although it is entirely dependant upon the individual case and the judge overseeing it. Below are some of the most common frequently asked questions about alimony along with helpful and informative answers.
Spousal support, also known as “alimony” or “maintenance,” refers to periodic payments (usually made on a weekly or monthly basis) by one former spouse to another as set out in a court order or marital settlement agreement.