How is spousal support or alimony calculated?
In some states, the court will award spousal support or alimony. In almost every state, the parties can agree to a certain amount of support or alimony. Such payments may be appropriate when one spouse has foregone an income-generating career to help raise the family. and It would be inequitable to suddenly force them this spouse to support themselves or drastically change the lifestyle to which the spouse and the children have become accustomed. Spousal support or alimony may be awarded for a set period of time and usually ends when the spouse receiving the support remarries.
Spousal support is different than child support in that most states do not have pre-defined guidelines. Courts, and by the parties by agreement, have broad discretion to come up with what should or may be the right amounts. Some of the factors that go into the amount include: (i) the lifestyle prior to the divorce; (ii) the age and financial condition of the spouses; (iii) the income-earning prospects of the spouses; and (iv) the length of the marriage. To learn more about spousal support, click here.