Understanding Alimony And Palimony – What Does It Mean For You?
October 25, 2011 by admin
Filed under cheap divorce attorneys
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.