Spousal maintenance, or alimony, is another high-stress issue in a high net worth divorce. Often, one spouse stays home to raise the children while the other spouse makes money. In other cases, one spouse makes significantly less money than the other spouse and wants to maintain the same lifestyle after the proceedings are over.
The courts look at different factors to determine if one spouse is eligible for alimony. These factors also help the courts determine how much the other party should receive. The factors are:
Length of marriage
Spousal contributions to homemaking duties
Earning potential
Reduced earning abilities
Mental and physical health
Many high net worth couples are unhappy with the support orders issued by the courts. Couples realize there are other factors to consider when determining the amount of alimony one spouse should receive. The Cimino Law Firm can negotiate on your behalf or mediate the proceedings for you. With our help, you can protect your interests or get the money you need.