Spousal maintenance and Alimony are two terms for the same thing – the ongoing financial arrangement worked out between you and your former spouse that provides financial support to the marriage’s lower earning spouse.
Traditionally, these payments were designed to ensure that an ex-wife, who didn’t have adequate access to the workforce and wages, would continue to be self-sufficient after a marriage ended.
Today, maintenance is gender neutral, often designed with specific life events in mind, and is not intended to be punitive towards the payer.
Maintenance may be paid out in several different ways, depending on the needs of the couple.
Lump sum payments may be appropriate where high dollar assets will be sold and one party chooses to take no profit.
For others, ending a maintenance arrangement at remarriage, landing a great job, or completing an education are appropriate.
Some couples don’t include maintenance in their settlement at all.
Our attorneys create settlements that let our clients move on after a divorce.
Call Zelenitz, Shapiro & D’Agostino today at 718-725-9601 for a free consultation.