When a couple decides to divorce, one of the spouses may be required to pay spousal support to the other one. Also known as alimony, this is a type of support that will help to make up for any potential economic hardships caused by the divorce.
Are you preparing to pay spousal support, or need more information about the process? The following short guide will give you an overview of the different types as well as how much money may have to be paid out.
What Is Spousal Support?
This is a monthly financial payment that is made by one spouse to another after the dissolution of the marriage. Due to unfair economic effects from the divorce, a judge may decide that it can be challenging for the economically impaired spouse to get the money they need from the ex-spouse. However, when there is a court order in place for spousal support, the spouse will be assured they will receive the compensation they need.
How Much Can You Receive?
There is no standard formula for how much spousal support may be ordered. Every situation and couple is different, and the final amount will depend on the specific circumstances. However, there are several factors that are considered standard and include:
Standard of living
Income of each spouse
Property of each spouse
Any impairments in earning capacity for either spouse
Duration of marriage
Children and who they will be living with
Any sacrifices made by one spouse
Typically, the more income and earning capacity one spouse has over the other will be the primary determining factor on who provides spousal support and the amount.
What Are The Different Types Of Spousal Support?
The main types of spousal support are known as rehabilitative. This means that they are only ordered to be paid as long as necessary, and not intended to be a permanent means of support. It is predetermined to end at as soon as the receiving spouse gets a job or finishes school.
Reimbursement alimony is another type of spousal support. This type of support reimburses the receiving spouse for any expenses they paid during the marriage to support the spouse. For example, if a wife worked two jobs to put her husband through medical school, she may be entitled to reimbursement alimony from her husband.
If you have any questions about spousal support as you go through the divorce process, it is best to contact a family law attorney near me or divorce attorney who specializes in this type of law. They will work with you to get a conclusion to the case that will be in your best interest.