Important Financial Protection Through Spousal Support
Couples going through divorce may find money to be a source of worry and uncertainty. If you are reliant on your spouse’s income, you may be eligible for spousal support (also called alimony) to help maintain the standard of living to which you have become accustomed. When equity demands it, spousal maintenance is awarded as a way to continue this obligation even after your
marriage has dissolved.
In Minnesota, spouses may be awarded support to become self-sufficient after the marriage has ended, support as compensation for economic sacrifices made during the marriage that directly enhanced the future earning capacity of the other spouse, or support for life if they are incapable of self-support.
Relevant Factors In Spousal Support Awards
The court will consider several factors when determining spousal support, including:
- The income and earning potential of each spouse
- Assets and liabilities of both spouses
- The distribution of property to each spouse
- The tax consequences to each spouse
- The ages and the physical, mental and emotional well-being of both spouses
- The length of the marriage
- The standard of living established during the marriage
- The education of both spouses
- The contribution by one spouse to the education, training or earning ability of the other spouse
- Lost income capacity due to marital or household responsibilities
- The time needed for the spouse seeking spousal support to acquire education, training or work experience to obtain appropriate employment
- The provisions of a valid antenuptial agreement
The court may determine other factors to be relevant in any individual case.
We Will Listen To Your Concerns And Help You
At Oney + Kim Family Law, PLLC, our lawyers will listen to your concerns and help you achieve the financial stability necessary to move forward with your life.
Email our office in Eagan or call us today at 612-279-8655 to schedule your free consultation with our knowledgeable family law attorneys.