Finances are a major part of our lives. And for many divorcing couples, it is central to the contentions complicating the dissolution process. For most couples, sharing finances is commonplace, making it difficult to go from a two-income household to a single-income household.
In some marriages, there is a clear breadwinner with the other spouse taking on more of the household duties. These disparities, along with other factors, are assessed and considered when a spouse seeks alimony in the divorce process.
Spousal support
Although the dynamics of marriages and household responsibilities have changed over the past several decades, spousal support is still sought during the dissolution of a marriage. While a long-term marriage is a likely situation where alimony might seem appropriate, a marriage that did not last long could also warrant spousal support. Many factors come into play when a spouse seeks spousal support.
At Delia A. Miller, PLLC, our law firm understands that divorces bring forth many challenges and difficult decisions to make. Adding a spousal support request to the table can make the emotional process feel more overwhelming; however, if you are entitled to this payment, it is important to understand how to move forward with this request.
Calculations and modifications
Spousal support is not determined like child support is during a divorce. A formula is not used to calculate the amount; however, factors related to the marriage and each spouse are considered when establishing the need for spousal support as well as the amount that should be paid.
An award for alimony is based on factors that establish the need for spousal support. These factors often include the past relations and conduct of each spouse, the length of the marriage, the ability for each spouse to work, the property awarded to each spouse, the age of the spouses, the ability to pay spousal support, any current situations relevant to the decision, the needs of each spouse and the health of both spouses.
When spousal support is awarded, it is important that this is established based on the factors of your marriage and the terms of your divorce. Thus, it may only be a single lump sum or a set amount for a designated duration. No matter the amount or length of time alimony payments are set, it is important to note that modifications are possible. Therefore, it is vital that you understand your rights and options as you move through this matter and seek legal guidance following the order in the event there is a substantial change in circumstances.