When it comes to divorce, a word that is used often and contributes to the divorce process is alimony. Alimony is a court-ordered provision that one spouse has to pay the other after a divorce is final. Say that one spouse makes more money than the other, so the spouse who makes more money will need to pay a certain amount of money, alimony, to help the spouse who makes less. While divorce is never the desired road for some couples, it happens and alimony is usually to be a part of the settlement. When going through the divorce process, there are different kinds of alimony that you can be awarded. Below is a layout of the four different types of alimony you will come across during a divorce.
General Term Alimony
General term alimony is when financial payment is paid regularly to a spouse that is financially dependent on the spouse that makes more money. The time range where this type of alimony is paid depends on the length of the marriage.
This type of alimony is similar to general term alimony in the fact that a determined amount of money is paid regularly to from one spouse to the other after a divorce. The only difference is, is that this is more of a temporary alimony as the payments stop when the spouse receiving the alimony is able to support themselves by a predicted time. This is usually negotiated during the divorce process.
This type of alimony has a couple of guidelines to it, aside from it being what it is; a reimbursement. This type of alimony is given only to couples that have not been married for more than five years. It can be paid regularly or at a one-time installment, depending what is determined in the negotiating stages. Say a couple gets a divorce but the wife of the now ex-couple sill needs to complete school or training for a job. The husband would have helped pay for the completion of either the schooling or training. With a reimbursement alimony, once the discussed task is completed, the wife will now have to pay back or reimburse, the ex-husband for the money he gave her to complete what she needed to do. The terms of this alimony are negotiated with lawyers and judges during the divorce process.
Transitional alimony is similar to reimbursement in the fact that it can be paid regularly or one time for couples that have not been married for more than five years. The difference is that this payment is to help the receiving spouse settle into a new lifestyle, home, etc, as a result of the divorce. This is one of the most common types of alimonies as couples usually live separately.
If you are going through a divorce and need legal advice from a family law or divorce attorney around Brockton, Taunton, Plymouth, and Bridgewater, MA contact us today!