Your Legal Guide For Ensuring Financial Stability After Divorce
At the Law Offices of Jason M. Donnell, LLC, our attorney understands that financial concerns can often be a significant factor in a strained marriage. Alimony, also known as spousal support, is a vital legal tool designed to ensure that both spouses can achieve financial stability following a divorce. Our lawyer is here to advocate for your economic well-being and help you maintain the standard of living that you enjoyed during your marriage.
Alimony serves as a means to financially support one spouse after a divorce. It is designed to address any economic disparities that may exist between the two parties. There are two main types of alimony:
- Temporary support: Temporary support is provided during the divorce process itself. It helps maintain the financial status quo for both spouses while negotiations and legal proceedings are ongoing.
- Post-divorce support: Post-divorce support is the ongoing financial assistance provided to one spouse after the divorce is finalized. Its purpose is to help the recipient maintain their standard of living and economic well-being.
Our skilled lawyer can help you determine your goals for spousal support and advocate for your family’s specific situation.
Factors In Determining Alimony Payments
In Ohio, there are no strict guidelines for calculating alimony payments. Courts consider various factors to determine the duration, manner, amount and type of spousal support. These factors include:
- Income and property: The incomes of both spouses, as well as any income generated by property, are assessed.
- Earning ability: The earning capacity and potential of each spouse are considered.
- Age and health: Both spouses’ ages and overall health, including emotional, mental and physical well-being, play a role.
- Retirement benefits: Any retirement benefits to be received by either spouse are taken into account.
- Marriage duration: The length of the marriage is a significant factor in determining alimony.
- Child custody: How one spouse having primary custody of the children may impact their ability to work.
- Standard of living: The standard of living enjoyed during the marriage is a key consideration.
- Education and skills: Each spouse’s education and skills are evaluated.
- Debts and assets: All debts and assets owned by each spouse are examined.
- Contribution to career: Whether one spouse contributed to the other’s increased income or professional development during the marriage is considered.
- Job experience: The time and cost required for either spouse to gain the necessary employment experience, training or education post-divorce are calculated.
- Homemaker role: If one spouse’s earning ability was reduced due to homemaking duties during the marriage, this will be considered.
- Tax implications: The tax implications of alimony payments for both parties are examined.
- Other relevant factors: Any other factors deemed fair and relevant by the court will also go into the calculations.
Our attorney at the Law Offices of Jason M. Donnell, LLC, is dedicated to helping you navigate the complexities of alimony. He will work to ensure that your financial interests are well represented and that the court’s decision is equitable.
Secure Your Financial Future – Contact Us Today
Contact the Law Offices of Jason M. Donnell, LLC, through our online form or by calling 740-653-8171 for personalized guidance and support in alimony matters. We serve clients in Lancaster and Fairfield County. Let our lawyer help you achieve the financial stability you deserve after divorce.