Alimony payments made by a supporting spouse to a dependent spouse which are typically made in specified amounts over a specified term.
Generally alimony is based on a number of economic and financial considerations. To avoid an emotionally and financially exhausting court fight over alimony, most alimony cases are resolved by agreement of the parties, mediation or collaborative law process. A negotiated settlement can take advantage of tax considerations, offsets and other lump-sum transfers that can be made in lieu of any alimony obligations.
Consult with us about the best way to handle your alimony issue.