Alimony

Alimony is a form of monetary support paid to spouse as part of a divorce settlement. Alimony or spousal support is paid to a spouse for basic living conditions and may be used for housing, clothing, entertainment, food, transportation or other named expenses as determined by the divorce settlement or mediation arrangements . Spousal support … Keep Reading → is one of the most contentious issues in a divorce settlement. Often alimony is paid for a short duration unlike child support which will be paid until the children are considered adults. Child support may continue if the child enrolls in college or other advanced training. Spousal support is often renegotiated when conditions change for the payor or receiver such as change in income or change in basic living expenses. When the recipient remarries, alimony ends, but child support continues until the children reach adulthood. Alimony and child support payments are frequently one of the most contentious issues in a divorce settlement and are constantly being updated to reflect current conditions for both parties. Read more about alimony and spousal support here in this Hub.