Alimony - Basics
Alimony
Basics | Health Insurance | Social Security Benefits
Alimony
is for the Support of a Former Spouse
Alimony is money paid
by one spouse to another during a divorce and after the divorce is granted,
for support and maintenance as a way to prevent one spouse from having
his/her standard of living change drastically with a divorce.
Alimony may be paid
in a variety of ways. Alimony is for one of three purposes:
1. long term permanent
support
2. rehabilitative support to help the receiving spouse reach a specific
goal, or
3. to assist a spouse with a legitimate, short term need. The Court can
grant a combination of alimony to meet one or all of these needs.
Bridge the Gap
Alimony
Courts may grant a
short term amount of alimony to ease the transition from married to single
life. "Bridge the gap" alimony is designed to assist a spouse
with an identifiable, legitimate, short-term need, or in situations where
a lump sum amount is reasonable and helpful and the other spouse has the
ability to pay the amount. It is to be used when one spouse is unable,
despite his or her own best efforts, to make the transition from married
life to single life.
For example, bridge
the gap alimony might cover such expenses as deposits for an apartment
or utilities, the lease or purchase of an automobile, or moving expenses.
Bridge the gap alimony may be appropriate where there are few assets to
distribute and a spouse with little or no credit history needs to make
basic living arrangements and lacks the ability to purchase them.
Other examples might
be when a spouse has re-entered the work force at a temporarily lower
rate of pay, or when the shift in economic lifestyle caused by a divorce
is so dramatic for a spouse that he or she needs temporary help to adjust
to a more Spartan lifestyle.
Bridge the gap alimony
is designed for short term, identifiable needs. Short term usually involves
payments that do not extend more than one year.
Bridge the gap alimony
is a form of lump sum alimony that does not terminate upon the death of
the person paying alimony or the remarriage of the person receiving alimony.
We
will have more information here on alimony in the near future.
Meanwhile, please
read the section on Alimony and Social Security
Benefits.