Alimony Settlements

Alimony settlements refer to financial support that one spouse may be required to pay to the other after a divorce or separation. The purpose is to help the lower-earning or non-working spouse maintain a similar standard of living to what they had during the marriage. Factors like the length of the marriage, each spouse's income and financial needs, and contributions to the household are considered. Alimony can be temporary or permanent and varies by jurisdiction. Agreements can be reached mutually or set by a court if the spouses cannot agree.