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My ex earns a lot of money: Will I collect alimony?

On Behalf of | Apr 12, 2018 | high asset divorce | 0 comments

It is said that money cannot buy happiness, and affluent couples going through a divorce probably appreciate this as much as anyone else. In fact, in many ways, money can complicate a divorce because there is more at stake.

For instance, if you are divorcing someone who earns a lot of money and supported you during your marriage, securing alimony could be a top priority for you. This process can be more complicated than people realize, so it can help to understand some of the basic elements of alimony in Pennsylvania.

Determining alimony

There are a few ways to determine whether and how much alimony a person might pay. The first is by including such terms in an enforceable prenuptial agreement. The second is for divorcing spouses to reach an agreement outside of court. The third is to petition the courts for alimony.

Factors the courts will consider

For a court to allow alimony, it must find that such an arrangement is necessary. To determine this, the courts will consider several factors, including the duration of the marriage and each party’s earnings and contributions to the marriage. It will also take into account the marital standard of living.

Not all alimony orders are the same

There is no set amount or duration of alimony. Some people receive just enough money to bridge the financial gap until they can find a job; others receive enough to support themselves for the rest of their lives. Your alimony, if awarded, will depend on the specifics of your situation.

Avoid costly assumptions

Because every person and every divorce is different, it is important that people not make assumptions about their situation and legal options until they discuss their specific case with an attorney. Doing so could lead to costly missteps and oversights.

Individuals can have considerable fear of going from a place of financial success and stability to one of hardship and uncertainty. If you are in this situation, then you can consult an attorney and examine the various legal options that could allow you to find the financial relief and support you need.