Types of Alimony Payments

Divorcing individuals usually come across the possibility of paying or receiving spousal support (also called alimony). This can make a serious impact on your financial situation, and – depending on the length of time you were married – on your ability to support yourself in the future.

If you or someone dear to you is going through a divorce and would like more information about alimony payments, you should consider contacting an experienced attorney to understand your legal options.

Types of Alimony Payments

Alimony agreements different depending on your living and learning situations, and those of your spouse. Some of the most common include:

  • Temporary Alimony: The judge may award temporary alimony payments if a divorce has been initiated and not yet finalized.
  • Permanent Alimony: Prolonged economic dependence and sustained contribution to a marriage call for a permanent alimony arrangement.
  • Modifying Alimony: A change in circumstances may justify a change in alimony payments, such as loss of employment, the remarriage of the spouse receiving payments, or another serious change in circumstances.

Spousal support is obviously an issue that can become quite contentious. If you will be paying alimony, you may understandably be concerned with minimizing the amount you have to pay. Similarly, if you are to be receiving alimony payments, you may be concerned with maximizing the size of the payments you are to receive. Either way, it is in your interest to seek legal counsel and make sure you do what is right for you. An experienced attorney may be able to work with you to secure an agreement you can be happy with.

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Source by Karen Whitehurst


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