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3 details to know about spousal support

by | May 1, 2020 | High-net Worth Spousal Support |

Everyone feels lost after divorce because you are losing a significant portion of your emotional support – your spouse. It makes you reevaluate every aspect of your support system, including your financial support.

If you depended on your spouse for emotional and financial support, the possibility of divorce seems intimidating. Luckily, there are ways to at least protect your finances during the divorce process and afterward.

Spousal support, or alimony, is court-mandated payments by one spouse to the other. The primary purpose of spousal support is to address the financial disparity that often exists between spouses, especially when one spouse makes significantly more money than the other.

What to know before seeking support from a spouse

Before you file any document, make sure to know these three details about spousal support in California:

  • Men and women may submit for support. There is a misconception that only women apply for spousal support, but men can quickly receive support if they depended on their partner for financial support.
  • Interim payments will be higher than the final settlement. In California, spouses can receive support during the pending divorce proceedings. But the payments are usually higher during this short period.
  • The alimony can be modified until the final judgment. It’s vital that spouses use their support wisely because the court can adjust the amount until the last moment, so be as savvy as possible.

These facts only skim the surface of spousal support in California, so you must consult with a professional to learn about all your options and find the right strategy for you.