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November 2015 Archives

Even in high-asset divorce, spousal support may not be permanent

Divorce brings many concerns, including those regarding financial stability after the process is final. In order to provide the lesser-earning spouse with a cushion in the months and years following a divorce, spousal support is sometimes granted. This is given to a spouse after consideration of many factors, including income, the length of the marriage and more.

What alimony is for, and who may qualify for it

Though both spouses work in most married households in Kentucky, the spouses may earn significantly different incomes. If the couple splits up, the higher-earning spouse may be able to live comfortably on his or her salary alone. But the lesser-earning spouse may be unable to pay for basic necessities.

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