In the state of Georgia, spouses have a legal obligation to support each other financially. If they decide to end their marriage, this duty will typically end as well, once the divorce has been finalized. In certain scenarios, however, it can extend for months or even years after the divorce has been granted. Also know as alimony, spousal support is a payment arrangement between two divorced individuals that aims to protect the financial security of the lower earner. Here’s what you should know about spousal support when navigating divorce in Georgia.
What Are the Two Types of Alimony?
Rehabilitative alimony is a short-term arrangement that has a definite end in sight. This type of spousal support aims to help the recipient achieve some sense of financial security in the wake of the divorce. For example, it might enable the recipient to go back to school or earn a certification that will allow them to pursue a more lucrative career.
Permanent alimony is a payment arrangement that can theoretically last until the death of the recipient. Family law judges typically only award permanent spousal support when one party is unable to earn a living wage because of a physical or mental illness.
What Factors Affect Spousal Support?
When navigating divorce proceedings, you may find yourself wondering what kinds of factors will affect the total duration or amount of spousal support awarded. The length of the marriage, the standard of living established during the relationship, each party's contribution to the marriage, and the age, health, and earning capacity of each party all play a role. Financial analysts can help you navigate this process and reach a favorable agreement for both parties.
If you want to learn more about spousal support or simply need help navigating divorce proceedings, turn to MoneyWise Divorce. Located in Brookhaven, GA, this practice is led by Brenda Dozier, Ph.D., a Certified Divorce Financial Analyst (CDFA) who will work alongside your attorney to protect your best interests every step of the way. Regardless of whether you’re the one who will be paying or receiving alimony, it’s natural to worry about your post-divorce finances. With expert guidance from Brenda, you won’t have to. To learn more about her credentials and how she can assist you with navigating divorce, visit her website, or call (770) 790-5024 to schedule an initial consultation.