A question we’re often asked is “Will I get spousal support?”.
The answer is, maybe. Spousal support, also known as alimony or maintenance, is a transfer of income, generally from the spouse who earns more to the spouse who earns less. It’s often based on the ability of the higher earner to pay and the demonstrated financial need of the one who earns less.
Because it’s normally the hardest conversation to have, we math model the outcomes of paying and receiving spousal support to show you how it can be done. For example, many people think that a month-to-month payment is the only method of support, but there’s more to consider. Instead of a monthly payment, we can model a lump sum payment, a property transfer, along with other options.
So give us a call today to ease your mind on this tough topic.