KEY TAKEAWAYS
- Alimony refers to a periodic pre-determined sum awarded to a spouse or former spouse following a separation or divorce.
- The goal of alimony is to provide spousal support in order that they continue the lifestyle to which they are accustomed to after divorce.
- Alimony will often be awarded to ex-spouses of long term marriages (i.e. greater than 10 years) and will stop upon death, remarriage, or court order.
Post a Comment