Why Your Alimony Payments Might Change
Alimony payments, commonly referred to as spousal support payments, are often made when one spouse in a divorce makes significantly more money than the other spouse, leaving the receiving spouse financially dependent. These payment amounts are determined during divorce proceedings, but they can actually change over time, depending on certain changes that either the person paying or receiving the alimony experiences.
Although at the Law Office of Andrew A. Bestafka, Esq., we understand that alimony payments can be a frustrating and contentious issue for many, knowing your rights and the laws that apply to Monmouth County residents can help you get the payments that are right for your situation.
Reasons for Changes
Alimony payments can change due to a variety of reasons, many of which are often beyond a person’s control. They can either increase or decrease, and both paying and receiving spouses should know what these reasons for change are. They might involve:
- Remarriage of receiving spouse
- Job loss of paying spouse
- Increased income of paying spouse
- Increased income of receiving spouse
- Changed medical / living needs of both spouses
These situations could result in a change of alimony payment, and it’s necessary for both spouses to prepare adequately for this possibility. In fact, alimony is rarely meant to continue forever, though permanent alimony payments are awarded in some cases. But even these can change over time.
Contact a Divorce Attorney in Monmouth County
When negotiating alimony payments, it’s important that your interests are fairly represented. If you are going through divorce, and in need of or being asked to pay alimony, speak with a lawyer at the Law Office of Andrew A. Bestafka, Esq., about how we can help. Call (732) 898-2378 today to get your questions answered.