Considerations for Alimony Agreements

Considerations for Alimony Agreements

Parties who do not initially agree on alimony matters may disagree about the parameters surrounding the payment of spousal support. Some considerations when negotiating an alimony agreement include:

Purpose of Alimony

The parties may be at odds as to whether alimony should be paid at all. Alimony is meant to provide financial support to a lower earning spouse, often in recognition of that spouse’s contribution to the marriage that may have negatively impacted his or her earning potential. A spouse who receives alimony can work on becoming financially independent while having enough funds to remain solvent after a divorce.

Length of Alimony

Another point of contention between spouses is how long alimony should last. The appropriate amount of time for how long support should remain in effect depends on the particular circumstances. For example, if alimony is paid so that the spouse can receive additional training or education to be able to work in a new career with greater earning potential, alimony may only be necessary until such education or training is obtained. Spouses may be able to work together on coming up with an agreement regarding this provision and others in order to make their divorce less contentious.

Amount of Alimony

Another source of friction may be the amount of alimony that one spouse should be required to pay. In some cases, a creative property distribution or use of other resources can help minimize the amount of alimony that will be necessary for support.

Modification of Alimony

The spouses may wish to reach an agreement regarding when the alimony plan may need to be revised, such as if the paying spouse has a change of income or develops a serious illness. Mediation can help the parties consider when an event is considered substantial enough to warrant a change in the agreement.

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MEDIATOR OF THE MONTH: Jeffrey Grayson
Considerations for Alimony Agreements