In our previous post, we shined the spotlight on how fluid the concept of spousal support has become over time. Back in the day when the common model had husbands working and wives taking care of the home, spousal support, or alimony as it was then known, usually involved the ex-husband paying a monthly sum to the ex-wife in the event of divorce.
There was a time when divorce meant one spouse paid alimony to the other. In those days, the usual equation had the husband paying that money to his ex-wife. This was in addition to child support. Today, that equation isn't necessarily the one that applies. Indeed, most states don't even call it alimony. Instead, it's called spousal support.
As personal an event as divorce is, it is not something anyone goes through alone. At the very least, the hand of the government weighs in and will seek to be sure that tax obligations continue to be met one way or another.
Divorce, even in its simplest form, is not very simple. There are many ways to go about dissolving the marriage and identifying the one that is best for your situation can feel daunting. The emotional aspects certainly require attention. But perhaps the most pressing issues revolve around money.
Traditionally, alimony payments are made in monthly installments. For instance, your ex may be ordered to pay you $2,000 per month in support. That works out to $24,000 every year for a set amount of years.
If you were to receive a note that started, "GAS 2U," would you be offended or take it in stride? The answer depends on how comfortable you are with acronym writing. For the record, the phrase above translates as, Greetings and Salutations to you.
There are so many issues involved in a divorce. If you have children, custody and support payments will be central to divorce talks. If a bevy of assets are involved in your marriage, then property division will play a huge role. And if there is a potential financial disparity between the spouses in the wake of a divorce, then alimony -- also called spousal support -- could be awarded.