Attorney Brent Kaspar discusses how alimony and spousal support determinations in divorce are made. Court decisions regarding alimony have the power to change your life for a prolonged amount of time. He explains that attorneys need financial expertise to correctly evaluate each spouse’s incomes to pursue the best outcome for the client.
Video Transcription
Typically, determining if you have to pay alimony is pretty simple, pretty simple calculus, and it’s really based on only respective spouses’ earnings.
So if one spouse earns more than the other spouse, then that spouse is going to have to pay spousal support or alimony to the payee spouse. One of the critical factors in determining alimony is being able to determine what the respective spouses earn as far as income. In some cases it’s fairly easy to do when they’re both W2 earners, but if there’s a closely held business involved, then you know, determining income is, is going to be a critical component of what spousal support is.
Simply put, alimony is determined by the respective parties’ incomes, and it’s important to have a good understanding of what each party’s income is. At Kaspar & Lugay, we have attorneys with strong financial backgrounds that are willing to assist you in determining what your alimony may be and answer any questions you have about alimony.
