A divorce proceeding may likely involve the factors about alimony. Often, most divorce cases are concluded with either spouse paying alimony to the other. While it would be considered best to follow the court’s decision about alimony, it would also be essential to know the different types of alimony which can occur in a divorce.
If you face any problems regarding alimony Wisconsin payments, it would be in your best interest to contact an alimony attorney to rectify the situation. Many people are not aware of the types of alimony and how it can affect their divorce case. It often leads them to an unexpected scenario. Hence, this article covers different types of alimony that a divorce might incur.
1. Temporary alimony
In Latin, temporary alimony is also known as ‘alimony pendente lite,’ which means ‘pending the suit.’ Such a type of alimony is ordered before the execution of the divorce. Temporary alimony could also result in legal separation and annulment of the marriage. Such alimony occurs in scenarios where a housewife or a homemaker is involved in the divorce. When either spouse lacks the skills to function in a workplace, they might be awarded temporary alimony until the divorce proceeding is completed.
2. Permanent alimony
Permanent alimony usually occurs in cases where the duration of the marriage is long. For instance, a couple applying for a divorce after ten years of marriage can expect permanent alimony in their case. Permanent alimony pays aid to the more inferior earning spouse until the death of the payor, death of the recipient, or reconciliation between the divorced couple.
Most divorce cases have witnessed permanent alimony being paid to the wife. When one spouse has no intentions of entering the workplace or cannot start working due to child care, permanent alimony would occur. It covers all the necessary expenses of the spouse, and the payment could be altered if there is a change in the payor’s income.
3. Lump-sum alimony
Lump-sum alimony or alimony in gross occurs when the maintenance is to be paid all at once rather than recurring payments every month. The alimony amount would be fixed by both parties in such a case and can be used to gain tax benefits regarding property for the payor.
Lump-sum alimony could provide many benefits to the payor and the receiver. It eliminates the financial burden from the payor and grants financial freedom to the divorced couple. The alimony support would be paid irrespective of circumstances like remarriage. There is no need for day-to-day or monthly alimony support in lump-sum alimony.
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