Intro to Alimony

Alimony, also known as spousal support, is a component of divorce that many people fear negotiating.  Because marriage is a contract, it means that there are financial regulations and rules about dissolving your contract.  Whichever spouse earned more money in a year is typically responsible for providing financial support and that amount is determined by the law and a judge in a courtroom divorce.  If you choose to work with a divorce mediator, the likelihood of an amicable and equitable alimony solution can be achieved.

Depending on the length of your marriage, you are likely financially intertwined with your spouse, share property, share assets, and depend on each other financially or for other support.  It can be challenging to untangle each other financially.  And, if one spouse made sacrifices in their career or education to support the other spouse, that contribution to the marriage should be acknowledged.

The court will dig heavily into both your incomes of record, your recurring dividends, property, and personal information including education and any other type of familial financial support you might be receiving.  By mediating your alimony, you retain your privacy from outside individuals and court records while negotiating a fair spousal support amount.  The specific spousal support amount can be pre-arranged during mediation to have an expiration date based on a variety of factors or it can be indefinite.  It can also include modification provision so that, say the person receiving spousal support suddenly start earning significantly more money, the amount of spousal support can be reevaluated.

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