Spousal Support – Definition & Detailed Explanation – Elderly Legal and Financial Planning Glossary

What is Spousal Support?

Spousal support, also known as alimony or spousal maintenance, is a legal obligation for one spouse to provide financial support to the other spouse during or after a divorce or separation. This support is typically paid on a regular basis and is intended to help the recipient spouse maintain a standard of living similar to what they had during the marriage.

Who is Eligible for Spousal Support?

In general, spousal support is awarded to the spouse who earns less income or has a lower earning capacity than the other spouse. This can be based on a variety of factors, including the length of the marriage, the standard of living during the marriage, and the financial needs of each spouse. In some cases, spousal support may also be awarded to a spouse who sacrificed their career or education to support the other spouse’s career or to care for the family.

How is Spousal Support Calculated?

The calculation of spousal support can vary depending on the laws of the state where the divorce or separation is taking place. In some states, there are specific guidelines or formulas that are used to determine the amount of spousal support, while in others, the court has more discretion in making this decision. Factors that may be considered in calculating spousal support include the income and earning capacity of each spouse, the financial needs of each spouse, the length of the marriage, and any other relevant factors.

What Factors are Considered in Determining Spousal Support?

When determining spousal support, the court will consider a variety of factors to ensure that the support is fair and appropriate for both parties. Some common factors that may be considered include:

– The length of the marriage
– The age and health of each spouse
– The income and earning capacity of each spouse
– The standard of living during the marriage
– The financial needs of each spouse
– Any sacrifices made by one spouse for the benefit of the other spouse or the family

These factors are used to determine the amount and duration of spousal support that is awarded in each case.

Can Spousal Support be Modified?

In some cases, spousal support orders may be modified if there is a significant change in circumstances for either spouse. This could include a change in income, health, or living situation that affects the ability of either spouse to pay or receive spousal support. In order to modify a spousal support order, the requesting party must demonstrate to the court that there has been a substantial change in circumstances that justifies the modification.

What Happens to Spousal Support Upon the Death of a Spouse?

In most cases, spousal support ends upon the death of either spouse. This means that if the paying spouse passes away, the recipient spouse will no longer receive spousal support payments. However, some spousal support orders may include provisions for the continuation of support after the death of the paying spouse, such as through life insurance or other arrangements. It is important to review the terms of the spousal support order to understand what will happen in the event of the death of a spouse.