When marriages end, alimony often becomes a crucial topic of discussion. If you are going through a divorce or separation, it is essential to understand the different types of alimony that may be relevant to your situation.
Below are the common forms of alimony and what they might mean for you.
Temporary Alimony
Courts typically award temporary alimony during the divorce proceedings. It aims to maintain the status quo while the court finalizes the divorce. You might receive this alimony if you depend financially on your spouse and need support to cover living expenses during this transitional period.
Permanent alimony
Contrary to what its name implies, permanent alimony may not forever. Courts generally award this type of support in long-term marriages where one spouse has financially depended on the other. The duration could vary, and in some cases, it may last until the recipient remarries or either party dies. However, it may be worth noting that permanent alimony is becoming less common in many jurisdictions.
Other types to consider
Below are other types of alimony courts may consider depending on your specific situation:
Rehabilitative alimony
Courts may award this type of alimony when one spouse needs financial support to become self-sufficient. It might help you gain education, training or work experience to re-enter the job market.
Reimbursement alimony
If you supported your spouse through school or career advancement, you might be eligible for this alimony to compensate for your investment in their earning potential.
Lump-sum alimony
Instead of periodic payments, you might receive a one-time, lump-sum payment. This may be beneficial if you prefer a clean financial break from your ex-spouse after your divorce.
Alimony laws vary by state, and individual circumstances play a significant role in determining outcomes. Consider seeking legal advice. An attorney could provide advice tailored to your specific situation. They could also help you through the complexities of alimony and work towards a fair resolution in your divorce proceedings.
