Alimony Payments

Alimony payments, also known as spousal support, are financial payments made from one spouse to another after a divorce or separation. The purpose is to help the lower-earning spouse maintain a similar standard of living as during the marriage. Factors influencing alimony include the duration of the marriage, the financial situation of both spouses, and the recipient's needs. Payments can be temporary or permanent and are often determined by a court or agreed upon in a divorce settlement. Alimony aims to provide financial stability following the end of a marriage.