Camden, NJ- For some New Jersey couples, a divorce can be a devastating financial windfall. That is particularly the case if one spouse earns significantly less than the other. Divorce can leave a lesser earning spouse in a state of confusion and concern that they will slip into poverty. Spousal support or alimony is a way to prevent that from happening. That is why our team of divorce lawyers in Camden, New Jersey would like to discuss what individuals need to know about spousal support.
First, USAttorneys wants to clear up some confusion about the difference between spousal support and alimony. For the most part alimony and spousal support are the same; the main distinguishing factor between the two is that alimony is an older term to indicate spousal support which specifically awarded to women. But in the 21st century, plenty of women make more than their husbands, so the term spousal support is used to refer to alimony for men.You have to state if you are seeking spousal support on your divorce forms.
When trying to determine if someone is eligible for spousal support, divorce attorneys and courts look at several factors. Those factors include the income of each spouse, their costs of living and their potential to earn income. Let’s face; some people give up their jobs or careers to raise a couple’s children, so they don’t have the potential to earn very much money, and it can take them years to build up a better paying career. Also taken into consideration are the collective earnings and assets of each spouse and cost of taking care of a couple’s children. Spousal support, or alimony, is meant to help a spouse who loses the financial support of a better-earning spouse.
A spouse can be awarded support on a temporary or permanent basis and can be changed if one spouse petitions the court. Temporary support is usually awarded to get a one through the transition from two incomes to one income. Temporary support helps one spouse cover their bills and get back on their feet with causing them financial woes.
Permanent spousal support can last until the receiving spouse passes away and is paid on a monthly basis, indefinitely. Permanent support allows a spouse to maintain the standard of living they became accustomed to because of their marriage.
When trying to determine the amount of spousal support to be awarded courts look at the individual income of each spouse, each one’s occupation, their standard of living, the duration of their marriage and each spouse’s ability to earn. The amount of spousal support an ex-husband or ex-wife must pay can be increased or reduced if one spouse files for a modification.
If you are getting a divorce and you need spousal support, USAttorneys recommends you get the help of a lawyer. Our team of divorce lawyers in Camden, New Jersey to help you secure a fair financial agreement from your divorce. You can count one of our family lawyers to act so that you benefit and ensure you can get the spousal support you need.