Alimony
Alimony definition (noun)
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Alimony is a court-mandated payment that a spouse must make to a former (or soon-to-be former) spouse as part of a divorce or marital separation agreement.
If you are considering getting divorced, it’s important to know what the rules regarding alimony are. Some states have marital agreements in place for couples who wish to enter into an ongoing relationship after they marry. This means that while marriage is on the table, there may be some sort of pre-marriage agreement between two people about how much money each will receive from their respective spouses when one of them dies.
The amount of alimony awarded depends on the circumstances of each case. A common rule for all states is that alimony should be awarded only if the recipient spouse is unable to support herself through appropriate employment. If you are unsure about periodically paying alimony, contact us and we will provide advice based on your situation.