Alimony is a term that the majority of people have heard and understand even though they might never receive it in their lifetime. This term becomes very important when you or your spouse files for divorce. Why? Because it’s possible that alimony could be awarded in your case. Let’s take a look at why alimony is so important in today’s post.
One of the biggest reasons why alimony is important is that it helps people who are struggling to fend for themselves after the divorce is finalized. These payments are awarded by the court to the spouse who might not have a job, might have to go back to school, might not have a place to live or may struggle from other financial issues because of the divorce.
Another reason why alimony is so important is that it is always fair, for both sides. For example, if you are the person paying the alimony and lost your job or were demoted, the court will work with you and lower the payments being made to your former spouse.
On the other side of things, if the person receiving the payments finds gainful employment, is awarded a raise, is promoted or inherits a large sum of money from a family member; the court will lower the amount of money they receive each month.
Now that you know how important alimony is, you can fight for your right to receive this compensation from your former spouse. There’s no guarantee that you will be awarded alimony, which is why it’s always important to work with an attorney when going through a divorce.