Alimony, also known as spousal support, is a court-ordered payment made by one spouse to the other during or after a divorce. The purpose of alimony is to provide financial support to the spouse who is financially dependent on the other. However, there are different types of alimony, and choosing the right one for your situation can be challenging. In this blog post, we will discuss the different types of alimony and help you determine which one is right for your situation.
1. Temporary Alimony
Temporary alimony is awarded during the divorce proceedings and is meant to provide financial support to the financially dependent spouse until a final divorce settlement is reached. This type of alimony is usually based on the income of both spouses and the standard of living during the marriage.
2. Rehabilitative Alimony
Rehabilitative alimony is awarded to the financially dependent spouse for a specific period to help them become self-sufficient. This type of alimony is usually awarded to a spouse who needs time to acquire education or training to enter the workforce.
3. Permanent Alimony
Permanent alimony is awarded to the financially dependent spouse for an indefinite period, usually until the death of either spouse or the remarriage of the recipient. This type of alimony is usually awarded in long-term marriages where one spouse has significantly lower earning potential than the other.
4. Lump-Sum Alimony
Lump-sum alimony is a one-time payment made to the financially dependent spouse, usually as part of the divorce settlement. This type of alimony is usually awarded when the recipient spouse does not want to receive payments over an extended period.
5. Reimbursement Alimony
Reimbursement alimony is awarded to the financially dependent spouse to reimburse them for expenses incurred during the marriage. This type of alimony is usually awarded when one spouse supported the other through education or training, and the marriage ended before the recipient spouse could realize the benefits of their education or training.
Choosing the right type of alimony can be challenging, and it is essential to seek the advice of a family law attorney. At Nachlis | Cohade | Lopez-Whitaker, LLP, we have years of experience helping clients navigate the complexities of divorce and alimony. Our team of attorneys will work with you to understand your situation and help you determine the best course of action.
Understanding the different types of alimony and how they work is crucial when going through a divorce. Whether you are seeking temporary, rehabilitative, permanent, lump-sum, or reimbursement alimony, our team of attorneys is here to help.
Contact us today to schedule a consultation and learn more about how we can help you.