TYPES OF ALIMONY
One prominent issue in many divorces is the issue of alimony. There have been significant changes in the law regarding alimony over the last few years. In addition, with both spouses often entering the workforce, alimony is not as dominant an issue as it once was. Notwithstanding, if you are anticipating a divorce, it is important to understand a bit about alimony as most of the public does not know or understand much about alimony. There are multiple types of alimony, and each type of alimony has a specific set of guidelines and/or restrictions. These major types of alimony are; Bridge-the-gap Durational Rehabilitative Permanent Guidelines for temporary alimony, which may be characterized as alimony by the Court. Below is a brief explanation of these types of alimony. Please note, alimony is no longer a taxable event to the receiving spouse nor a deductible event for the payer spouse. Bridge-the-Gap Alimony…