Alimony, also known as spousal support, refers to the financial payments that one ex-spouse provides to the other following the couple’s divorce. The determination of spousal support does not take into account either the payor’s or the recipient’s gender; rather, it focuses on the payor’s or recipient’s income and resources, together with a number A judge will additionally take into consideration the following factors when assessing the amount of spousal support:
In the event that efforts to mediate a dispute outside of court are unsuccessful, you may consult with a divorce attorney in Columbus about the various legal options.
The total amount of money earned by both of the spouses, from any and all sources, including the money earned from any property that was divided up throughout the divorce process.
- Capabilities of both parties in terms of earning money.
- the ages of both parties, in addition to their mental, physical, and psychological states.
- The pensions and benefits offered by both parties.
- The number of years that the couple has been married.
- The same level of education is possessed by both parties.
- The levels of assets and liabilities held by each party in comparison to one another.
- During their time together as husband and wife, the couple worked hard to achieve a high standard of life for themselves.
- The financial assistance provided by one spouse to the other in order to further his or her education, professional development, or earning potential.
- The amount of time and money that must be invested by the spouse who is requesting spousal support in order for them to receive the education, training, or work experience necessary to become eligible for suitable employment.
- The potential impact that spousal support will have on the tax situations of both partners.
- Lost income-producing capacity of either spouse that occurred from marital responsibilities, such as raising children or keeping the home. Examples include raising children or maintaining the home.
- Any additional considerations that the court may determine to be pertinent.
It is possible for spousal support to continue permanently, to stop on a certain date, or to be changed according to certain life circumstances that occur in either party, such as the recipient remarrying after receiving support. Even support that is permanent is not necessarily considered to be permanent in the technical sense. Alterations in one’s circumstances, such as retirement or a shift in the state of the economy, might also be grounds for reevaluating one’s level of financial assistance.