When a couple decides to get divorced, one of the primary concerns is how to divide their assets and debts. However, another issue that often arises is spousal maintenance, also known as alimony. Spousal maintenance refers to payments made from one ex-spouse to the other to help the receiving spouse maintain their standard of living post-divorce.
In many cases, the higher earning spouse is required to pay spousal maintenance to the lower earning spouse for a period of time. The amount and duration of spousal maintenance payments are typically outlined in a spousal maintenance agreement, which is a legal document that both parties must sign and agree to.
There are several factors that are taken into consideration when determining spousal maintenance payments, including the length of the marriage, the earning potential of each spouse, and the standard of living during the marriage. The court will also consider any other relevant factors, such as the age and health of each spouse and any other financial responsibilities they may have.
It`s important to note that spousal maintenance payments can be modified if there is a significant change in circumstances, such as a job loss or a change in income. Additionally, if the receiving spouse remarries or starts living with a new partner, the spousal maintenance payments may be terminated.
If you`re going through a divorce and are concerned about spousal maintenance, it`s important to consult with an experienced family law attorney. They can help you understand your legal rights and obligations, and can work with you to negotiate a fair spousal maintenance agreement.
In conclusion, spousal maintenance is an important issue to consider when going through a divorce. By working with a knowledgeable attorney and negotiating a fair spousal maintenance agreement, both parties can ensure that they are able to maintain their standard of living post-divorce.