The process of dividing property and other assets during divorce proceedings can be emotionally trying for couples, possibly leading to prolonged and hotly contested exchanges. Couples looking to avoid messy or contentious scenes, inside or outside of the courtroom, often look to an experienced family law or divorce attorney to delicately negotiate terms acceptable for both parties.
In the event of a divorce or separation, one partner often compensates the other for the formerly shared aspects of their lives. Property, child rearing expenses, and differing income levels are all things commonly addressed at the termination of a relationship. Alimony, or spousal support, is a financial provision given to a spouse after a divorce to compensate for a significantly reduced income level. It should be noted, however, that this support is separate from money received in property settlements and child support.