noun a husband's or wife's court-ordered provision for a spouse after separation or divorce
Alimony is a legal obligation for one spouse to provide financial support to the other spouse after a divorce or separation.
Alimony is often a key issue in divorce proceedings, where the court determines the amount and duration of payments based on various factors.
Alimony payments can impact financial planning strategies for both the paying and receiving spouse, including budgeting and tax considerations.
Pre-nuptial agreements may include provisions for alimony in the event of divorce, outlining the terms and conditions of financial support.
Alimony is a form of spousal support intended to provide financial assistance to the lower-earning spouse post-divorce.
Lawyers may specialize in handling alimony cases, negotiating terms of spousal support agreements, and representing clients in court during alimony disputes.
Financial advisors may assist clients in understanding the financial implications of paying or receiving alimony, including tax consequences and long-term financial planning.
Divorce mediators may help divorcing couples come to a mutual agreement on alimony payments outside of court, facilitating discussions and negotiations between both parties.
Family therapists may work with individuals going through divorce and alimony arrangements to provide emotional support, communication skills, and coping strategies during the transition.