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Overview of alimony in high-asset divorces

On Behalf of | Feb 2, 2019 | High-asset Divorce

When an Omaha, Nebraska, couple gets divorced, they are both going to have to navigate through some financial obstacles. After all, assuming they will live in separate homes, they each will have to handle all household expenses on their own, without the income or help of their former spouse. There are other ways in which divorce is costly as well.

However, Nebraska’s courts realize that some people may be in a better position to come out of a high-asset divorce than others with their financial health intact.

Alimony, which are court-ordered payments from one former spouse to the other, is not supposed to be a means of making the two spouses perfectly equal or, worse, punishing one of them for success. Still, courts have the authority to use it to make sure that both spouses have an adequate financial footing to move on successfully after a divorce.

As such, Nebraska judges will take in to account a number of factors when deciding whether to award alimony and how much to award. While the income of both parties is part of this equation, other factors are supposed to be in play as well.

For example, a father who got to focus on his career while his wife stayed home and raised their children may be more likely to be ordered to pay alimony.

The good news for men is that alimony automatically ends should his former spouse remarry. It also in some circumstances can be modified or even terminated earlier than expected. Furthermore, alimony payments are never supposed to leave a man destitute or effectively without an income.

Perhaps most importantly, alimony is an issue left largely to the discretion, that is, the good judgment, of the judge hearing the case. Having an attorney who understands family law and has experience in the local courts is therefore very helpful in alimony disputes.