You know you are worth more than you get credit for– raising the kids, keeping house, managing your family’s finances– you’re a mom, a wife, and an accountant all in one. You never punch a clock and if you calculated all the hours you put in you would probably find that you work the equivalent of two full-time jobs!
You may have given up your career, credentials, and work experience to support your role in the family, so what is your worth after a divorce? How much should you receive from your ex to support yourself after a divorce? These are questions that often arise when it comes time for the court to decide how much alimony you should receive.
The goal of alimony is to help you maintain a standard of living similar to what you had while married, and help ensure your bills are getting paid until you can get back on your feet and support yourself, financially speaking.
Different Types of Alimony Explained
There are two types of alimony that can be pursued during your divorce settlement, temporary and permanent.
- Temporary Alimony. Temporary alimony helps support you until you are able to support yourself. This may mean you receive payments for an agreed upon period of time, maybe a year or two. During this time you should be looking for ways to support yourself– go back to school, volunteer to gain experience, contact previous employers, renew certifications or licenses necessary to return to your previous career, and ultimately get a job.
- Permanent Alimony. This type of alimony is exactly as is suggested: permanent. You continue to receive alimony indefinitely unless you remarry. As expected, it is not as easy to obtain and is usually not awarded unless there is a reason you can’t return to work and support yourself.
How is Alimony Calculated?
There are several factors that may affect the amount you receive for alimony, including your state’s rules for how alimony is calculated.
- Your husband’s income.
- Your earning potential or lack thereof.
- Your potential earning ability, based on your skills or job qualifications that may help you obtain a job and support yourself.
In the case of alimony decisions and calculation, it is best to consult with your attorney as not receiving a well-deserved alimony agreement you may find yourself financially strapped.
Do you receive or have you received alimony? Do you feel you deserved alimony and didn’t receive it as part of your divorce settlement? Please share your experiences in the comments!