Is spousal support and alimony the same thing?
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Is spousal support and alimony the same thing?
“Spousal support” is the money that one spouse may have to pay to the other spouse for their financial support following a separation or divorce. It is sometimes called “alimony” or “maintenance.” Spousal support is usually paid on a monthly basis, but it can be paid as a lump sum.
What is the difference between alimony and spousal support in NJ?
While there is no real difference between alimony and spousal support, there is a difference between alimony and child support. Child support is generally considered a fundamental right for children.
What is a spousal maintenance payment?
Spouse maintenance is financial support paid by a party to a marriage to their former husband or wife in circumstances where they are unable to adequately support themselves.
Do I have to pay spousal support when I retire?
If the payor reaches full retirement age, or retires involuntarily, such as for medical reasons or being forced out of a job, then a court may consider it reasonable to reduce or terminate spousal support. A court may not find it reasonable for a payor to voluntarily retire before age 65 and expect to get a reduction.
