Alimony payments can be a lifeline after a divorce for people who are not currently earning an income. Many stay-at-home parents have been out of the workforce for years and struggle to support themselves on their own. In cases like these, alimony might be necessary.
How much can you expect to pay or get each month from alimony payments? It depends a lot on your individual circumstances, financial need, and more. Here’s what you need to know.
How Much Alimony Can You Expect?
Some states have set formulas for calculating alimony. It might be a fixed percentage of the paying spouse’s net income. In other states, it’s more about deciding what’s fair, rather than using specific calculations.
In calculating alimony, several factors will be considered. The first is financial need. If you or your spouse will be unable to support yourself without alimony, then monthly payments might be necessary. The court might also look at the lifestyle you had during your marriage and use that information to decide how much alimony should be paid every month.
You might be asked to submit bills, receipts, and other documents to prove your financial situation. If the receiving spouse has any income of their own, that will be deducted from the amount of alimony paid. The court will also take the division of property and any debts into account when awarding alimony.
Generally, alimony is calculated on a case-by-case basis. The financial situation in every marriage is different and the goal is to find an arrangement that is fair to both parties.
Are Alimony and Child Support Paid Separately?
If you and your spouse have children, then you might be wondering how child support affects alimony payments. Alimony and child support are two different issues that must be considered during divorce proceedings.
Generally, when considering alimony, the court will use the paying spouse’s net income, after factoring in certain financial obligations, such as child support. Child support is intended to support any children living with one spouse the majority of the time. Alimony, on the other hand, is intended to directly support a dependent spouse.
Will You or Your Spouse Qualify for Alimony?
Alimony is not necessary in every divorce case. In brief marriages or when both spouses have their own sources of income, alimony is not likely to be mandated. It’s also important to note that if one partner is found to be “at fault” for the breakdown of the marriage, then they might receive less alimony or none at all.
If you are getting a divorce in Alabama and you have questions about alimony or the divorce proceedings, give our Birmingham firm a call at (205) 858-9224 to speak with our experienced attorneys.