Spousal Support and Alimony Overview
Sometimes known as alimony or maintenance, spousal support will be one potential source of income – or expense – for many divorced people. The goal of spousal support is to provide financial support to the spouse who needs it in order to keep the family on an equal setting; however, there is an underlying duty for each spouse to work towards being independent of each other. (One exception to this would be a very long-term marriage in which the spouses are near or at retirement age, and it is unreasonable to expect the spousal support recipient to be able to re-enter the workforce and be...
Child Support Overview
An introduction to how child support is calculated in a divorce involving children. Generally speaking, child support is determined by guidelines mandated by the state or province where the family resides. The major factors taken into consideration are: The age of the child or children The number of children in the family The custody arrangements for the child or children The income of each spouse. Your lawyer or financial professional will enter your information into software, which supplies a recommendation for the base level of child support. If you and your ex are trying to...
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