How Long You Must Pay Alimony?
Alimony payments are meant to provide the spouse with a lower income with financial support. Two forms of alimony are available: temporary and permanent. Temporary alimony is granted in order to assist a spouse with less earnings in covering financial costs during the divorce process while permanent alimony (also known as long-term support) is offered to a partner with regular money after the divorce judgment is completed. It is typically not permanent support, however, and can be changed later if circumstances change. Temporary alimony is only valid until the divorce process is completed and a permanent alimony order is issued. To comprehend the entire process, you must call a family attorney in Oklahoma City, OK.
How Long You Need to Pay Alimony
The period of compensation for permanent alimony depends on several factors, including the duration of the marriage. If you have been married for less than 10 years, you usually pay for half the time you have been married. If you've been married for eight years, you'd pay a 4 year alimony. Regarding marriages lasting more than 10 years, the Court takes many factors into consideration when agreeing on a settlement of eat. These include both spouses' after-divorce earnings, their marital standard of living and their age and health.
Alimony benefits will be discontinued when the partner who collects remarries or the spouse dies. An additional court order may also reduce, stop or otherwise modify Alimony if there is a substantial difference in the circumstances. The loss of a job, relocation or other circumstances may be involved.
In the state of Oklahoma, the court must take into account the circumstances of the parties following dissolution of marriage, divorce or legal separation and may allow one of the parties to pay the other party spousal support otherwise known as alimony for any time. The court may also change its aid orders for partners. There are many variables that take spousal support into account and decide.
To be awarded alimony, a partner must be financially required and the other must be able to pay. The judge also considers the living standards set for both spouses during the marriage, the time spent on marriage, the earning skills of both spouses after divorce and the time needed for the dependent to be educated or trained so that they are able to receive a living income. The property of both spouses is also taken into account in judging the necessity and financial capacities of both spouses.
The custody of any child and any child support between parties are two further factors for spousal support and for consideration. What if the custodian of the child or of the children is not allowed to support themselves because of an age or disability that hinders the individual's ability to support the child? In that case, you must contact a family attorney in Oklahoma City, OK.
Any other factors, including monetary and social situations, which the court considers to be relevant to the particular case will also be taken into account. In the end, if an agreement cannot be reached between the two parties, the judge and the court shall grant alimony for the final judgment of the case.
Contact Handley Law Center for a family attorney in Oklahoma City, OK.
** Disclaimer: This blog article is not legal advice and does not create an attorney-client relationship.