What will your financial future look like after your divorce? The end of your marriage will bring significant financial changes to your life, and it is prudent to pursue a final order that will allow you to have security and stability well into the future. Part of this may include seeking financial support.
There are various factors that determine whether you will get this type of support and how much potential payments may be. In some cases, New Hampshire couples are able to come to a reasonable resolution regarding spousal support through a negotiated settlement. However, it may be helpful to learn what factors can affect your case in the event a court will be deciding the details of your final financial settlement.
Are you eligible?
Simply wanting financial support after your divorce does not necessarily mean you will get it. You may want to know whether this type of support is available to you, and how you will get your fair share. You could be eligible if you earned significantly less than your spouse, you are unable to work, or you gave up your career to stay home while your children were young.
If you are eligible, the next step is to pursue a fair amount. The point of spousal support is to provide support to offset the financial inequity that a divorce can bring to a lesser-earning spouse. Some of the factors that may determine how much your alimony payments may be include the following:
- How long your marriage lasted
- Your income and your spouse's income
- The type of lifestyle enjoyed while you were married
- Your physical ability to work or find a higher-paying job
- Your health and ability to reenter the workforce
Spousal support is not always permanent. A court may decide it is most appropriate to grant this to you for a specific amount of time, depending on what you need in order to find employment, go to school or adjust to your new circumstances.
Learn about your rights first
It is not prudent to allow your emotions to lead the way during a divorce. It is in your interests to think about what is actually best long-term, not necessarily how you feel in the moment. This is especially important when considering decisions related to your financial future.
Before you make choices about spousal support or agree to the terms of a financial settlement, you may want to first learn about your rights and options. Preparation and knowledge can help you fight for what you need to build a strong future.