For Arizona couples who have decided to end a marriage, both parties will have concerns about various issues after the divorce. One factor that frequently arises is spousal maintenance. Understanding what factors are involved when spousal maintenance will be ordered, how much it will be and how long it will last are essential to a case and can impact everyone involved.
Keeping track of how a person spends and earns money is a common practice in Arizona. While once upon a time Phoenix residents maintained checkbook ledgers to track their earnings and expenditures, now most people log into their financial institutions’ websites to follow the trends of their money.
Alimony, also referred to as spousal support, is financial assistance paid from one individual to another. The two relevant individuals were once married and upon their divorce a court of competent jurisdiction provided them an order stating that the payer is obligated to provide certain amounts of money to the recipient for a certain amount of time.
Most alimony or spousal support arrangements are structured so that the paying party provides to the receiving party monthly or other periodic payments to satisfy their agreed upon financial relationship. Under this traditional form of alimony, payments by the paying party continue until a stipulated period of time has passed or a terminal event ends the relationship.