At what age do you stop paying alimony?

At what age do you stop paying alimony?

There are many settlement options open to the alimony-paying party who wants to limit the term of alimony. For example, the parties’ agreement may specify that alimony terminates upon the retirement of the payor, provided that certain specifications are met, such as after age 65.

Is spousal support and alimony the same?

“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.

Is spousal support negotiable?

“Spousal Support has room to be negotiable.” This does not mean that there is not a time and a place to take a belligerent spouse to court over Spousal Support, but it does mean that there is an awful lot of room to be creative when you are still able to negotiate.

How a judge decides the alimony amount?

The judge can also deviate from the amount of time for the kind of alimony if you have special circumstances. The “length of the marriage” affects the kind of alimony. Usually judges order more alimony for longer marriages; the longer the marriage, the more alimony a judge will order.

Can you avoid spousal support?

Best Tips to Avoiding Alimony Individuals will usually seek a prenuptial agreement when one spouse makes or has significantly more money than the other as a means to protect their assets during divorce. Other reasons for having a prenuptial agreement entered is to avoid having to pay alimony to the other spouse.