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Does my state have alimony?

alimony Sep 22, 2020

While divorce ends a marriage, the financial relationship between you and your ex does not just end. Whether you are dealing with child support or alimony, the financial relationship can go on for many years, and in some cases, may be permanent. 

In many marriages, one spouse earns more than the other. In case of a divorce, the earning discrepancy means the financially stable partner needs to provide financial support to enable their ex-spouse to establish a new post-divorce life. What exactly is alimony?

Understanding Alimony

Spousal support or alimony is financial assistance available only to legally married spouses seeking a divorce. It is a partner's contribution that ensures their ex-spouse or recipient achieves their financial independence after divorce.  

While spousal maintenance or support may seem like a straightforward affair, it's covered by different laws, with each state having different provisions.

Spousal support starts during a legal divorce or...

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How to Prepare for Divorce: Divorce Advice for Stay-At-Home Moms

Preparing for a divorce is a lot more than just picking up the phone and calling an attorney. There are the emotional aspects, financial, legal, and, of course, there are parenting issues. It means figuring out what life is going to look like when it's all said and done and includes preparing your children for the transition. For the stay-at-home mom, there are additional concerns around income. 

How to Prepare for Divorce for Stay-At-Home Moms

Contents:

Emotional Preparation

Financial Preparation

Legal Preparation

Talking to Your Kids About Divorce

 

For more information about preparing for divorce, check out our book: When It's Just Not Working: A Practical Divorce Guide for Stay-at-Home Moms.

 

how to prepare for divorce stay at home mom

Emotional Preparation

When you realize that your marriage is over, it's normal to feel a variety of emotions. Over time, you'll experience all of the stages of grief. You'll be grieving not only the loss of your relationship but also the loss of the dreams that...

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Spousal Support in Ohio: A Look at Various Outcomes Achieved in Mediation

When I meet with someone for the first time regarding their divorce, I hear the same questions over and over - concerns that are keeping people up at night and adding to the stress of the divorce. They are questions such as, "Can I afford to keep the house?" and "How will I get health insurance?"

These are all common fears in divorce mediation in Ohio, and they all revolve around money. When it comes to negotiating the divorce settlement, one of the stickiest issues addressed is spousal support. (Spousal support is also known as alimony or spousal maintenance in some areas.)

Related post: How much spousal support will I get?

alimony Ohio

There is no spousal support calculator in Ohio. Thus, if awarded, the amount and/or the duration of alimony can all be somewhat subjective. That said, there are several considerations detailed in Ohio law. You can read about them here

Sometimes clients ask me what other people do when it comes to spousal support in Ohio. There truly is no one...

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Considering an alimony buyout? Here's what you need to know.

alimony spousal support Jul 16, 2018
Spousal support (also known as alimony) is a hot-button issue for many of my divorcing clients.  Let's face it. Nobody wants to write a check to their former spouse every month. If you are the recipient, do you want to have to rely on ongoing support from your former spouse? That's why some consider a lump sum spousal support buyout rather than receiving it on an ongoing basis.

What is an alimony buyout?

A spousal support buyout is when the payor pays the spousal support obligation in one lump sum rather than paying it out over a period of time. It can be done with a cash payment from one party to the other, or it could be done through the division of marital property. In other words, one party agrees to give up a portion of their share of the marital assets instead of paying spousal support.

Why might a buyout of alimony be right for you?

Clients consider a buyout of their alimony obligations for a variety of reasons. In my practice, it is most commonly used when there is not...

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How much spousal support will I get?

alimony spousal support May 24, 2017

If your spouse is the primary earner, you're probably very concerned about how you're going to make ends meet after your divorce. Can you afford to stay in the house? Can you cover all of your bills? Will you have to get another job?

In fact, it's one of the most common questions I get - is there alimony in Ohio? Am I eligible? How much spousal support will I get? How long will I get it for?

It's also one of the most emotionally charged topics we deal with in divorce. For the one who needs alimony, they are depending on it to maintain their standard of living. On the flip side, do you really want to depend on your ex after your divorce is final?

If you are the primary earner, you're probably wondering if you'll have to pay spousal support. If so, how much and for how long? It would be easy to say, "The state provides a simple calculation." In Ohio, that isn't the case. Because there is no formula, it's a very gray area that is negotiated in every case.

First off, what is spousal...

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