What is Alimony or Spousal Support?

Seek Help from a Divorce Lawyer in Shreveport, LA

Divorce can be an extremely difficult and confusing process, with emotions running high and complex legal concerns that you never considered before. Alimony, also known as spousal support, is one outcome that Louisiana family law courts may award to one spouse who requires financial support. These finances are meant to help the recipient maintain their quality of life once the marriage has ended.

Understanding the Basics of Alimony

If you or your spouse are seeking alimony, here are some things you should know:

  • There are different kinds of alimony. Alimony differs based on the length of time it will be provided. Usually, it is awarded with the expectation that the recipient will become financially independent within a specified period of time. Temporary alimony may be granted during the divorce and may be higher than other types, because it is calculated based on the couple’s lifestyle during the marriage. Short-term or permanent alimony may be granted to a spouse once the divorce is complete. This amount is typically smaller because it is based on financial need.
  • Fault is a determining factor. The court will determine if the spouse who is requesting alimony is at fault for the end of the marriage. Adultery, abuse, and/or abandonment are all examples of fault, which negates a spouse’s claim for permanent alimony.
  • Several factors are considered. Each individual’s health, age, ability to work, and financial obligations will be taken into consideration. Their earning capacity and the amount of training or education required to secure a new job will be accounted for. The length of the marriage and custody of children will also be weighed into the decision to award alimony.
  • There are limits on alimony. The amount awarded for permanent alimony will not be higher than one-third of the paying party’s monthly income. Spousal support may also be paid as a lump sum.
  • It can change over time. If the recipient of spousal support remarries, either party dies, or the recipient cohabitates with a partner, alimony will end. The amount awarded may also be adjusted if there is a change in either party’s financial situation.
  • Alimony is taxed as income. If you are the one paying alimony, you can deduct the amount from your income. If you are the recipient, you are required to show the amount received as alimony or spousal support as income on your Form 1040 or on Schedule NEC, Tax on Income Not Effectively Connected With a U.S. Trade or Business, in Form 1040NR.

Hire a Divorce Lawyer in Shreveport, Louisiana

David L. White and his team are experienced legal professionals who can help you understand the ins and outs of alimony. Whether you are seeking spousal support or may be required to provide it, our experts can help you make sense of the process, limitations, and help you get the best results.

Consult with our divorce lawyer in Shreveport, Louisiana today to handle your divorce case. Give us a call at 318-747-7023.