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Thursday, July 7, 2011

What Is Alimony?

Lately a lot of people have been asking me questions about alimony.

A spouse who needs financial assistance after a divorce may, under certain circumstances, receive “alimony” from the spouse who has the ability to pay. Alimony is intended to preserve the economic status for both parties as it existed during the marriage. Payments can be made in a lump sum amount (alimony in gross) or in periodic payments for a determined amount of time. Rehabilitative alimony is sometimes awarded for a short period (e.g., 2 or 3 years) and is designed to help a spouse transition back into the job market.

This is from a post by Melinda Parks. To see the original posting follow this link: http://mjparkslaw.wordpress.com/

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