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Alimony, also called aliment (Scotland), maintenance (England, Ireland, Northern Ireland, Wales, Canada, New Zealand), spousal support (U.S., Canada) and spouse maintenance (Australia), [1] is a legal obligation on a person to provide financial support to their spouse before or after marital separation or divorce.
Alimony is an outdated term that refers to money paid by one spouse to the other following a divorce proceeding. When two married people get divorced, one can seek financial support from the other.
Temporary alimony: Support ordered when the parties are separated prior to divorce. Also called alimony pendente lite, which is Latin, meaning, "pending the suit". Rehabilitative alimony: Support given to a lesser-earning spouse for a period of time necessary to acquire paid work and become self-sufficient.
Child support (or child maintenance) is an ongoing, periodic payment made by a parent for the financial benefit of a child (state or parent, caregiver, guardian) following the end of a marriage or other similar relationship.
4. Other mortgage options after divorce. There are a few other mortgage options that may be worth considering amid a divorce. For instance, it is possible to keep the mortgage as-is, but this ...
Whether you live in a community property or a common law state determines how marital debt is split after divorce. If one spouse engaged in reckless spending or financial misconduct, they may be ...
Legal separation (sometimes judicial separation, separate maintenance, divorce a mensa et thoro, or divorce from bed-and-board) is a legal process by which a married couple may formalize a de facto separation while remaining legally married. A legal separation is granted in the form of a court order.
Both dissolution and divorce are legal processes, and the outcome is exactly … Continue reading → The post Marriage Dissolution vs. Divorce appeared first on SmartAsset Blog.