If you are getting divorced you might be thinking about alimony and how it might come into play in your divorce. Alimony, also called spousal support, can have a big impact on your finances whether you are the one paying it or receiving it. It is crucial to understand alimony, including how it is calculated and the different types of it. Keep reading to learn more about the different types of alimony and how Kendall Gkikas & Mitchell, LLP can help with your case.
How is alimony calculated?
There are many factors that go into the calculation of alimony, including:
- Length of the marriage
- Standard of living while married
- Earning capacity of the spouse requesting support
- Other spouse’s ability to pay support
- Age and health of both spouses
- Division of assets and debts
- Custody arrangements for any children
- Any history of domestic violence
- Existence of any prenuptial agreement
Are there different types of alimony?
Yes, there are different types of alimony in the State of California.
Temporary alimony is support awarded to provide immediate support during a divorce proceeding. This type will end once a permanent alimony agreement is reached.
Rehabilitative alimony is awarded to provide support while the spouse that earns less money completes education or training to improve their ability to earn income and be self-supporting.
Transitional alimony is another type of alimony. This is often a one-time payment that can help the lower-earning spouse cover expenses associated with transitioning into a separate life. It can go towards a car, apartment, etc.
Finally, there is permanent alimony. This is the court’s final order for spousal support and will last as long as the judge orders it to or until a spouse files a spousal support modification request.
If you need help with your divorce case, contact Kendall Gkikas & Mitchell, LLP today!
Alimony has the potential to make a drastic impact on your finances. Whether you are the one paying or receiving alimony, it can make a big impact. That is why it is so important to have a skilled family law attorney like Kendall Gkikas & Mitchell, LLP on your side. We have over 30 years of experience providing family law services. Let us help with your case. Call us today at 909-482-1422 to schedule your initial consultation so we can discuss your case.
To learn more about the reliable and quality family law services that we offer, visit us on the web at Kendall Gkikas & Mitchell, LLP.
