Alimony is sometimes referred to as spousal support and may include general term alimony, rehabilitative alimony, transitional alimony, or reimbursement alimony. Importantly, clients need to understand the difference between these types of alimony, as well as whether alimony is to be considered past, present, or future alimony.
Ultimately, an award of alimony may be made dependent upon a number of various factors, including but not limited to the payor’s ability to pay alimony and a recipient’s need for alimony. Other factors include the lifestyle the parties enjoyed during the marriage and any health issues either party may be experiencing. In certain situations, an alimony buy out may be negotiated, which results in a lump sum payment at or near the time of divorce in lieu of periodic future support payments.
Every case is factually unique; we concentrate on crafting a solution for each client’s particular situation.