Alimony is spousal support in monetary form paid from one spouse to the other. This is typically done so that both spouses are on a similar financial footing, or with a reasonable opportunity to be self supporting. Planning is crucial during divorce proceedings, so a complete and accurate financial history of both parties is needed. By being open and honest about your financials, you will be better equipped to handle whatever decisions the courts may make regarding your responsibility to give or right to receive alimony.
There are several different types of alimony that may be awarded, including:
- Permanent Alimony
- Temporary Alimony
- Rehabilitative Alimony
- Bridge-the-Gap Alimony
- Lump-Sum Alimony
- Durational Alimony
Different types of alimony are awarded based on the circumstances surrounding the situation. We will discuss with you what types you may be affected by, and help to establish a plan so that you have more comfort and control over the direction of your life.
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