What You Need to Know About Spousal Support
Often called alimony, spousal support is the legal obligation of one person to provide financial resources to the other to maintain a reasonable lifestyle. In Tennessee, the application of spousal support tends to reflect the length of the marriage.
The state requires that the person with the stronger financial standing pay the spouse with the need. When both spouses enjoy financial health, financial support may be waived. And, these payments do not necessarily only happen after divorce. Spousal support can begin while a divorce is pending. In Tennessee, there are three basic types of spousal support.
Periodic Alimony: This is the more common type that provides financial support for a length of time.
Rehabilitative: This type is intended to support a spouse’s educational or professional needs to re-enter the workforce.
Transitional: The court may award alimony to offset a financial disparity between the divorcing spouses.
The financial implications of divorce are more complex than many people think. If you are considering divorce and are concerned about finances, contact the Bray Law Firm and schedule a consultation today.