The Types of Alimony and The Mistakes to Avoid During Alimony Negotiations
Not all divorce cases result in court-ordered spousal support, also known as alimony. If you believe alimony will come up during your divorce, there are a number of things to bear in mind. Individuals who are divorcing or are divorced can request and receive spousal support payments. Alimony is paid by the spouse with higher means to supplement a spouse who needs support. 4 Types of Alimony There are 4 different types of alimony that the Court can award: General term alimony payments depend partly on the length of the marriage. Support is paid regularly to a financially dependent ex-spouse. Rehabilitative alimony is provided for a predicted time to an ex-spouse who’s expected to be able to support themselves. Reimbursement alimony support can be paid to an ex-spouse who helped cover expenses enabling the paying spouse to complete an education or job training. Payments can be made regularly or one time, but only applied to marriages lasting no more than 5 years. Transitional alimony may be paid regularly or one time to help the spouse receiving the alimony to settle into a new lifestyle or location as a result of the divorce. This type of alimony only applies to marriages lasting no more than 5 years. Whether contemplating or filing for divorce, both parties should be familiar with common pitfalls to avoid during alimony negotiations. Mistake #1 Hiding Money It’s a mistake to spend a lot of money prior to going to court in an attempt to pay less in