Question By: The amount of alimony depends on the needs of the party and the ability of the other party to pay. Both parties complete a financial statement where they list each and every expense, their income, and the value of their assets and debts. This will help the court decide the amount of alimony that the dependent party needs and that the providing party is able to pay. The court will consider many factors to determine how much should be paid and how long it should last, including the length of the marriage, the financial situation of the parties during the marriage, now and in the future, the parties' age, and the physical and mental health of the parties.
A Few Things to Know about Alimony:-
When you're pondering about alimony, this might help us to know a couple of other things it is not:
• Alimony is not a way to make a divorced couple's financial situation equal. Instead, it is typically intended to assist in ensuring that both spouses' financial needs are met.
• Family support is not just for divorcees. The majority of states have gender-neutral divorce laws, and some women are now being ordered to pay alimony to their former husbands, at least temporarily.
There are three types of alimony (even though some states use various terminology, and some states have additional variations):
• Final rehabilitative support, which is meant to help recipients transition to self-sufficiency,
• Temporary alimony that lasts only until the divorce,
• Permanent support.
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