Alimony means the spousal financial support that the financially secure spouse pays to the other after the divorce.
Alimony law has been made because in the earlier times women did not earn and spent most of their time taking care of their home and family.
During those days men were considered to be the main bread earners of the family and laws were made in the favor of women to provide a safety for them in the event of divorce.
In today’s world, as times have changed and most women are now earning like men, and now there are new laws that have imposed the obligation of alimony on the party to the divorce who is financially stable.
Alimony is also considered to be the financial compensation that one spouse provides to another.
The maintenance pays by the spouse, who is more financially stable than the other.
Often, the parties that are seeking a divorce have disagreed, which, in turn, makes the case more complicated and complex to solve.
Alimony is one of the most crucial topics in proceedings of the divorce.
There are many alimony laws, and they differ from one state to another.
Many factors lead to the calculation of the alimony amount, and once you are aware of these factors, you will be able to determine the level of spousal support you are entitled to or may have to provide.
When it comes to the estimation of alimony, the judge requires considering certain factors before they can come to a fair and equitable decision.
Many types of alimony laws are applicable, and the individual state laws determine them.
The judge of the family court is the person that determines the payment of alimony, and several factors are generally taken into consideration when the judge needs to fix the amount that is to pay to the party who claims for alimony.
The following factors are taken into consideration when it comes to the determination of the amount of alimony for the party to a divorce:
– The tenure and the duration of the marriage is taken into consideration
– The age of the parties to the divorce
– The medical condition of both the parties to the divorce
– The standard and the quality of life that the couple used to had before the divorce
– The financial condition of the parties to the divorce is also taken into consideration along with their ability to earn in the future
– The level of contribution and sacrifices that have been made by the spouses when they were married and the level of support that the spouse has extended to another when the latter had been pursuing either an educational degree or a career.
– The amount of alimony that is generally sanctioned depending on the child custody. The distribution of the rights relating to child custody and visitation also has a large influence on the ruling of the alimony that the judge determines in favor of the spouse who is asking for it in court.
– When the amount of alimony is determined the judge also takes into consideration the nature and the type of divorce that the couple has gone through. The judge needs to take into account whether the divorce has been a contested divorce or a no-fault divorce.
Out of 50 states among US 29 states, render the acknowledgment of specific grounds for divorce when maintenance is determined.
There may be a case that occurs when the recipient faces the allegation of committing a crime or adultery that is a ground-based on divorce.
In such cases, it is seen that the spouse’s alimony is denied. However, if you are a party to a divorce and you are on the verge of filing a suit for alimony, there are certain things that you need to take into account.
The factors that you should look into are as follows:
-The Court is the sole discretion when it comes to awarding the alimony.
-If you have not been granted alimony by one state the other states will not entertain you with regard to its sanction. There may be a case where you have been granted a certain amount say $1 a year- in such a case you have the right to demand for more alimony before the competent court of law.
-When you are going in for an alimony claim and have been granted it, you must ensure that it is paid to you in the form of a check or money order. A point should be noted that alimony is taxable income for the spouse that receives it and this is the reason why it is recommended to go for a wise and prudent consultation services and certified financial adviser that will help you to calculate the amount of alimony that you should receive from your spouse.
As mentioned above, the alimony laws are different in all the states of America, and it is a hefty sum paid to one spouse by the other.
The financial compensation pays to the spouse that is financially not as good as the other.
Various types of alimony are paid, and they are discussed below:
Alimony: This sum of money is paid until the death of the spouse receiving it. The payment of the alimony comes to an end if the spouse marries again.
There are certain states that have seven provisions that are termed as “cohabitation” according to which if spouse is not married but is living with another partner, this does not permit the spouse to receive the amount of alimony.
Lump Sum Alimony: This type of alimony is paid at a single point of time in the form of a lump sum and the amount is included to be taxable income.
Temporary Alimony: This type of alimony is given to the spouse under special circumstances like for a couple of years and it does not continue.
This alimony is generally paid when the parties to the divorce are more or less equal in terms of finance and one of them requires the amount to get a strong financial foothold or stand on his/her feet.
Rehabilitative Alimony: This type of alimony is one that is given to the spouse who is very young in age.
If the spouse is still studying and requires the money for getting self-support the rehabilitative alimony is paid. This amount of money is mainly paid in order to financially support the educational expenses of the spouse who is receiving the amount.
When the above types of maintenance are taken into consideration, the court or the judge must take into account the tenure of the marital bond that is a prime instrumental factor on whether or not the spouse should get alimony.
When the couple has already spent a lot of time together, and one of them has taken care of the children and the family for a long period, the amount paid alimony is high.