Almost anyone could need more financial support after a separation or divorce. Spousal support (or alimony) is meant to ensure that one party doesn't suffer from a huge financial impact after a divorce. Spousal support may be temporary to cover the separation period or it might also be rehabilitative in nature to help a party obtain more self-support. Permanent support, though, is pretty uncommon these days. Read on and find out more about permanent spousal support and when it might come to an end.
What To Know About Permanent Spousal Support
The health and age of the party have a lot to do with the issue of permanent support. Some spouses need time to attend training before they can be financially independent but not everyone is capable of working and earning income. Permanent spousal support can be appropriate for parties that are older or in poor health. In some cases, mental incapacity may affect a party and that can also lead to support awards.
When Ex-Spouses Remarry
Regardless of the reason for the support order, remarriage usually puts an end to spousal support. There are a few states that provide the receiving spouse with an opportunity to attest that they still need spousal support in spite of a remarriage, though.
When a Death Occurs
When the provider of the spousal support passes away, it may not necessarily be the end of the support payments. Ex-spouses may be provided for in wills and trusts but there is no legal requirement to do so.
Spousal Support and Cohabitation
Some formerly married people are hesitant to remarry but find a romantic partner all the same. If you reside with someone and are in a relationship with them, you might end up losing your spousal support benefit. If the providing spouse can prove that the receiving spouse no longer needs the financial support because of the cohabitation, the judge may look upon the issue as a quasi-marriage and stop the payments.
Lump-Sum vs. Regular Payments
Many people associate support with a monthly obligation but there are other ways to address the financial differences in the two divorcing parties. Not only can spousal support consist of a lump-sum of cash, but it doesn't necessarily have to be liquid in nature. Real estate, precious metals, and more can substitute for cash. In some cases, an asset that climbs in value is a better deal for the receiving spouse.
For more information about spousal support of all types, speak to a divorce lawyer.