Types of Alimony
Alimony is when one party is paying support to the other party. That is based on earnings, or ability to earn, or attributable earnings. Sometimes people have not worked in a period of time, and require alimony. They require spousal support, but maybe not for a long period of time, only to get them to the point where they are earning their own income and can support themselves in the standard of living that they had during the marriage.
There are two different types of alimony that could potentially be awarded to one of the parties involved in the divorce. The first type of alimony is durational alimony, meaning that you or your ex-spouse will only receive alimony for a certain amount of time after the divorce has been finalized. This is usually the type of payment decided upon when the spouse receiving the alimony payments will be able to support themselves a few years down the road. Perhaps this is a situation in which that person had a career but then left the profession so they could raise the children, now they can have enough money to support themselves while they get their career back on track. This gives the person an opportunity to renew any licenses they may have or to go back to school so they can make a career for themselves.
The other type of alimony is non-durational alimony, meaning that there is no set time frame on the number of years that the alimony payments will last. Usually this option is chosen when the marriage lasted for upwards of 30 years and the person is at a later stage in their life in which it would be unrealistic for them to go back to school and start a career to support themselves. Non-durational alimony will usually for the rest of the person’s life.
The Law Office of Toby Grabelle, LLC is a family and divorce law firm serving Monmouth County and all of New Jersey that would be happy to assist you in legal counsel. If you need quality legal services, contact the firm for a consultation.