Permanent Alimony
Permanent alimony refers to a financial support payment made by one spouse to the other after a divorce, which continues indefinitely or until a significant change in circumstances occurs, such as remarriage or retirement. It's typically awarded when one spouse has significantly less income or earning potential, ensuring they can maintain a reasonable standard of living. The duration and amount depend on various factors, including the length of the marriage, the financial situation of both parties, and the recipient's needs. Permanent alimony aims to provide long-term economic assistance, but it can be modified or terminated under certain situations.
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Permanent alimony is financial support that one spouse pays to the other after a divorce, intended to provide long-term assistance. It is typically awarded when one spouse cannot become self-sufficient due to factors like age, health, or long-term caregiving responsibilities. This type of alimony continues until the recipient remarries, either spouse passes away, or a court modifies the agreement. While the amount and duration can vary based on circumstances, permanent alimony aims to ensure that both parties maintain a similar standard of living post-divorce.