Some 50 years ago, it would likely have been unheard of for a man in Heber Springs to receive alimony. Also known as spousal support, alimony was designed to help the spouse with less earning potential get back on his or her feet after a divorce. Yet, since men almost always had higher paying jobs than their wives, alimony was almost always awarded to women, never to men.
Posts tagged "spousal support"
It may seem uncommon to many people in Little Rock, but Kobe and Vanessa Bryant have decided to stop their divorce proceedings and reconcile. While this may be the best decision for the pair, there are many more couples in Arkansas and across the country for whom there is no reconciliation. It is a difficult decision, certainly, to end a marriage, and it is not one that many people in Little Rock take lightly, so it is relatively rare for couples to later choose to reconcile.
Going through a divorce can be incredibly stressful. Depending on the situation, you are likely dealing with issues of finances, assets, and even custody agreements. To make matters worse, your former spouse may not always be corporative.
After a divorce, one spouse often looks to the other to provide ongoing financial support. Alimony payments are especially common in cases where there is a great disparity in the spouses' earning potential or where one spouse stayed home to care for the family while the other went to work.
Little Rock military families going through a divorce may soon find themselves facing issues over whether or not the veteran spouse's Veteran's Administration disability benefits are included as part of spousal support.
Divorce can be a financially upsetting change, especially for high-asset couples where one spouse was responsible for a disproportionate share of the family's income. Often, the other spouse wonders how he or she will be able to survive without the partner's salary.
Property division can be a contentious and emotionally-charged process in any divorce. However, the division of marital assets can be particularly stressful in Little Rock high net worth divorces, especially when one spouse has brought in the majority of the family's income.
For the most part, high-asset divorces follow the same procedural path as any other divorce. The difference is that the stakes are much higher.