Understanding The Different Types Of Alimony

0
47

Alimony is also known as spousal support. Sometimes when two people marry, one person gives up their financial security to stay at home and care for children or the home itself. What this person gives up is years of income and a career of their own to take care of the family home and even the other person. What they give up financially can affect them after the dissolution of marriage. This was why the concept and application of alimony payments were designed to compensate for. The primary breadwinner in the home is obligated to pay some form of alimony after the dissolution of marriages such as these.

Permanent alimony is very rare these days, but there are still times when one spouse will pay alimony until the other ex-spouse eventually remarries. Another more common type of alimony these days is durational alimony Florida residents are more accustomed to hearing about. In this type of alimony, one ex-spouse pays alimony for a set period of time, after which time they will not pay alimony any more.

Alimony payments are calculated in many cases based on the number of years the people were married. Very short or moderately long marriages will require less time paying alimony for the primary earner in the household. This is because the other person’s contribution to the marriage was of much shorter duration. When a divorce is filed, many times spouses are unaware that they’re entitled to some form of alimony, no matter what the circumstances of the divorce were. Your time in that marriage is sacred and important, even if it does end in divorce.

A good divorce lawyer will always look to protect the financial well-being of a client. Oftentimes a person who has given up their own financial freedom will be lost after the dissolution of marriage. They won’t even have an income at all. It’s in these situations that a good divorce attorney steps in and makes sure that this person received alimony. The divorce doesn’t necessarily have to be finalized before alimony payments to kick in. A terrific divorce attorney will be able to win those alimony payments right off the bat, even during the separation. Alimony and child support are two different issues, so don’t confuse the two when you go into your divorce. You are entitled to additional compensation if you have scarified financial stability for the sake of your marriage.