The question of alimony doesn’t come up in every divorce, but it is possible that it will come up in some. Whether you are the person who is being asked to pay or the person who will receive, you should know a few basic points about alimony.
When alimony is awarded, the court can use different types of alimony in the order. Not all of these serve the same purpose, so you must make sure you understand each type.
What is permanent alimony?
Permanent alimony is one type of alimony that might be ordered. Despite the name, this type of alimony isn’t guaranteed no matter what. In most cases, permanent alimony is only paid as long as the recipient isn’t remarried or living with a significant other. The court might also impose other conditions on the payments.
What is temporary alimony?
Temporary alimony is a type that is paid during the divorce or separation. Once the divorce is finalized, the temporary alimony is going to move to another type of alimony or end altogether.
What is lump sum alimony?
Lump sum alimony is another option for some people. This gives the person who is paying the ability to make a large, one-time payment for all of the alimony instead of having to make monthly or regularly occurring payments.
Are there other types of alimony?
Rehabilitative alimony is used when one party isn’t self-sufficient. For example, a stay-at-home parent might receive this type of alimony during a predetermined period to try to give him or her time to get training or find a job that can support him or her. Reimbursement alimony is also possible if one spouse paid for the other’s training or education.
If your divorce will include alimony, make sure that you explore all of the possibilities so you are prepared.
Source: FindLaw, “Paying Alimony: The 5 Types of Alimony,” Neetal Parekh, accessed Sep. 01, 2017