Navigating the complexities of divorce can be overwhelming, especially when it comes to your financial future. Many people worry about what their finances will look like after the split and whether they can adapt to independent living. If you’re anxious about this significant change, securing spousal support might be a vital lifeline during your transition. But how is spousal support determined, and what factors are involved? At Gertz & Rosen, Ltd., we’re here to clarify the process and help you understand your rights and options every step of the way.
Spousal support is a payment made from one spouse to another after a divorce. It serves to provide financial assistance to the lower-earning or non-earning spouse and help maintain the standard of living established during marriage. The amount and duration can vary greatly depending on individual circumstances and state laws.
The primary factor in determining alimony is both spouses’ income and financial status. Courts will consider each spouse’s earning potential, current income, assets, and liabilities to assess their ability to support themselves after divorce.
The duration of the marriage is also taken into account when deciding spousal support payments. Generally, longer marriages warrant longer or even permanent spousal support payments to help the lower-earning spouse become self-sufficient.
Courts usually aim to maintain the standard of living established during marriage for both parties. This means that if one spouse enjoyed a particular lifestyle during the marriage, they may be entitled to receive enough spousal support to continue that lifestyle after separation.
Child custody arrangements can also affect spousal support . If one spouse has primary custody of the children, they may be entitled to more spousal support as they will have additional expenses and responsibilities.
Other factors that can impact spousal support include the age and health of both parties, the education or training needed for the lower-earning spouse to become self-sufficient, and any fault in the breakdown of the marriage (such as adultery).
When approaching spousal support in your divorce, remaining informed and proactive is essential. Here are some tips to help you navigate the process successfully:
Understanding how spousal support is determined is essential for anyone going through a divorce. By comprehending the factors that influence spousal support awards and seeking legal advice, you can achieve a fair and equitable settlement. If you need assistance navigating the spousal support process, consider reaching out to Gertz & Rosen, Ltd. Our team can provide the guidance and support you need to secure your financial future.