Alimony and Spousal Maintenance Maple Grove, MN
Factors in Spousal Maintenance
Spousal maintenance, also known as alimony, is when one former spouse does not have the means to support themselves after the divorce is finalized. This is not the same thing as child support because it refers to if the former spouse could live by their own means, not providing money for the care for the children. Usually, a stay-at-home parent without a job will need spousal maintenance until they can provide for themselves. In most cases, a petition will be presented to the former spouse or sent to the court for a review. It will later be determined amicably or by a judge, then signed by both parties. There are many things to consider while discussing spousal maintenance, including:
Length of the Marriage
The ability for a spouse to find a job can be influenced by the length of time they were not working, or working part-time.
Current Income of Both Parties
The current income for the party being asked for spousal maintenance will help determine the amount. The current income for the party asking will help determine how long it is needed.
Property Division
The amount of property divided between the former spouses can help determine how much money each party will receive from the divorce. This helps determine the amount of money needed for spousal maintenance.
Age and Health of Both Parties
Age, physical health, and mental health are all factors in setting spousal maintenance. Depending on how the factors contribute to one party’s ability to provide for themselves, the amount will be adjusted accordingly.
Potential Future Income for Both Parties
The potential future income is determined from schooling, expertise, and ability. Both the length of time and amount are affected by the potential future income.
Current Cost of Living
The cost of living is compared to income to determine if the former spouse will be able to support themselves on their own. It then helps determine how much they will need in spousal maintenance, if any.