Alimony after the end of Marriage by Bruce H. Lehr
Bruce H. Lehr Attorney: Alimony after the end of Marriage by Bruce H. Lehr Attorney
Alimony is, according to Bruce H. Lehr Attorney, a legal financial arrangement between separated or divorced couples, whereby one partner provides regular payments to the other. Alimony is only available to couples that have been legally married. Palimony is for relief unmarried couples have.
Traditionally, Bruce H. Lehr Attorney explains that married couples consisted of a working partner and a domestic partner. The working partner provided financially for the couple, while the domestic partner contributed in other ways, most notably by physically and emotionally supporting the working partner, keeping the home up, and in many cases, caring for children. Bruce H. Lehr Attorney notes that when a marriage dissolved, the domestic partner was awarded alimony as a means to honor the promise of "lifelong" financial support in recognition of contributions made to the relationship.
Since alimony laws were written, many things have changed. Bruce H. Lehr Attorney has found that it is now commonplace for both partners to have careers or a means of independent support. And while there is still significant statistical disparity between salaries paid to men versus women, Bruce H. Lehr Attorney adds that, overall, women are more independent than they were in decades past.
Some might argue that the spirit behind alimony is too easily abused today. For example, marrying a wealthy partner can mean being set for life after a divorce. In cases like this, Bruce H. Lehr Attorney recall that alimony judgments become a means to an end rather than a remedy.
Though state laws differ, there are commonly three different types of alimony: lump sum, temporary, and permanent alimony. Provided by Bruce H. Lehr Attorney, below there are short explanations of each:
Lump sum alimony describes an arrangement whereby the court allows alimony payments to be calculated and paid at once. Though this might sound appealing to both sides, due consideration should be given to related tax issues. Bruce H. Lehr Attorney informs that the arrangement might not be favorable to both parties.
Temporary alimony, sometimes referred to as rehabilitative alimony, describes an arrangement whereby the receiving partner is reasonably expected to regain financial independence and only requires support for a period of time. In this case, Bruce H. Lehr Attorney adds that the alimony might go towards furthering education or training skills.
Permanent alimony refers to alimony paid regularly for an indefinite period, or without a fixed end date. At some point, however, the payee normally petitions the court to change or even end this arrangement.
The type and amount of alimony awarded is based on many considerations and circumstances. Some considerations are: length of the marriage, ability to provide for oneself, disparity between incomes, contributions and sacrifices made for the sake of the marriage, etc.
Death of either partner will terminate alimony. Other circumstances can also end or modify alimony. For the paying spouse, Bruce H. Lehr Attorney highlights that these include loss of job or a significant decrease in income. For the spouse receiving alimony, remarriage terminates alimony, while a financial windfall or substantial pay hike can reduce or end it. Cohabitation of the receiving spouse with a new partner may or may not affect alimony payments, depending on state laws and the specific circumstances of the case.
Alimony is, according to Bruce H. Lehr Attorney, a legal financial arrangement between separated or divorced couples, whereby one partner provides regular payments to the other. Alimony is only available to couples that have been legally married. Palimony is for relief unmarried couples have.
Traditionally, Bruce H. Lehr Attorney explains that married couples consisted of a working partner and a domestic partner. The working partner provided financially for the couple, while the domestic partner contributed in other ways, most notably by physically and emotionally supporting the working partner, keeping the home up, and in many cases, caring for children. Bruce H. Lehr Attorney notes that when a marriage dissolved, the domestic partner was awarded alimony as a means to honor the promise of "lifelong" financial support in recognition of contributions made to the relationship.
Since alimony laws were written, many things have changed. Bruce H. Lehr Attorney has found that it is now commonplace for both partners to have careers or a means of independent support. And while there is still significant statistical disparity between salaries paid to men versus women, Bruce H. Lehr Attorney adds that, overall, women are more independent than they were in decades past.
Some might argue that the spirit behind alimony is too easily abused today. For example, marrying a wealthy partner can mean being set for life after a divorce. In cases like this, Bruce H. Lehr Attorney recall that alimony judgments become a means to an end rather than a remedy.
Though state laws differ, there are commonly three different types of alimony: lump sum, temporary, and permanent alimony. Provided by Bruce H. Lehr Attorney, below there are short explanations of each:
Lump sum alimony describes an arrangement whereby the court allows alimony payments to be calculated and paid at once. Though this might sound appealing to both sides, due consideration should be given to related tax issues. Bruce H. Lehr Attorney informs that the arrangement might not be favorable to both parties.
Temporary alimony, sometimes referred to as rehabilitative alimony, describes an arrangement whereby the receiving partner is reasonably expected to regain financial independence and only requires support for a period of time. In this case, Bruce H. Lehr Attorney adds that the alimony might go towards furthering education or training skills.
Permanent alimony refers to alimony paid regularly for an indefinite period, or without a fixed end date. At some point, however, the payee normally petitions the court to change or even end this arrangement.
The type and amount of alimony awarded is based on many considerations and circumstances. Some considerations are: length of the marriage, ability to provide for oneself, disparity between incomes, contributions and sacrifices made for the sake of the marriage, etc.
Death of either partner will terminate alimony. Other circumstances can also end or modify alimony. For the paying spouse, Bruce H. Lehr Attorney highlights that these include loss of job or a significant decrease in income. For the spouse receiving alimony, remarriage terminates alimony, while a financial windfall or substantial pay hike can reduce or end it. Cohabitation of the receiving spouse with a new partner may or may not affect alimony payments, depending on state laws and the specific circumstances of the case.