The Different Types of Alimony in Divorce Settlements
When a couple decides to get a divorce, there are many issues that need to be addressed, one of which is alimony. Alimony is the payment that one spouse makes to the other to support them after the divorce has been finalized. There are different types of alimony that can be awarded in a divorce settlement, each with its own set of requirements and regulations. In this article, we'll take a look at the various types of alimony available and what they mean for both parties involved.
Temporary Alimony
Temporary alimony, also known as pendente lite alimony, is awarded to the supported spouse during the divorce process. This type of alimony is meant to help the supported spouse cover their living expenses until a final settlement is reached. It is important to note that temporary alimony is not always awarded and is typically only granted in situations where one spouse has a significant financial disadvantage.
Rehabilitative Alimony
Rehabilitative alimony is awarded to a spouse who needs help becoming self-supporting after a divorce. This type of alimony is designed to support the spouse while they obtain education or training to improve their job skills. The purpose of rehabilitative alimony is to help the spouse become self-sufficient as quickly as possible so they can support themselves without assistance.
Permanent Alimony
Permanent alimony is typically awarded to a spouse who has been married for a long time and is unable to support themselves after the divorce. This type of alimony is meant to be long-term and may continue for the rest of the supported spouse's life. The amount of permanent alimony awarded is typically based on factors like the length of the marriage, the age and health of each spouse, their respective incomes, and their standard of living during the marriage.
Reimbursement Alimony
Reimbursement alimony is awarded when one spouse has paid for significant expenses during the marriage, like education or medical bills, that have benefited both parties. This type of alimony is meant to reimburse the spouse for those expenses and is typically awarded as a lump sum payment rather than ongoing support.
Lump Sum Alimony
Lump sum alimony is a fixed amount of money that is paid to the supported spouse as a single payment instead of ongoing support. This type of alimony is usually awarded in situations where the supported spouse needs a large sum of money to cover their expenses or to divide up marital property in a divorce settlement.
Factors Considered When Determining Alimony
When determining the type and amount of alimony to award, the court will consider several factors. Some of these factors include:
- The length of the marriage
- The health and age of each spouse
- The earning capacity of each spouse
- The standard of living established during the marriage
- The contributions of each spouse to the marriage
Conclusion
Divorce is a difficult process for everyone involved, and alimony is one of the many issues that need to be addressed. The type of alimony awarded in a divorce settlement depends on various factors, including the length of the marriage, the earning capacity of each spouse, and the contributions of each spouse to the marriage. By understanding the different types of alimony available, couples can approach the divorce process with a better understanding of what to expect and how to plan for the future.