What is a permanent alimony award?

Permanent alimony is a type of alimony award in Arkansas that is generally used to provide financial support to former spouses during and after a divorce. A permanent alimony award is designed to help provide for a former spouse’s needs for an extended period of time. It is sometimes awarded in cases where one spouse was financially dependent upon the other and, as such, cannot stand on his/her own two feet and support themself. In Arkansas, permanent alimony is not automatically awarded and is only given in certain circumstances. The court must consider a variety of factors before awarding a permanent alimony award, such as the length of marriage, the spouse’s income, the standard of living the spouses had become accustomed to during their marriage, the age and health of the parties, contribution to the marriage (financially or otherwise), and the earning potential of the former spouse. In addition to determining the right to receive alimony, the court also must also consider the amount and duration of the award. Permanent alimony awards may be modified or terminated if the recipient spouse remarries or if there is a substantial change in their financial resources or the financial resources of the paying spouse. The purpose of permanent alimony is to protect the financial welfare of a spouse who is unable to support themselves after a divorce. It is an important part of helping ensure a former spouse is adequately provided for, even if the marriage has ended.

Related FAQs

Is alimony enacted differently in each state?
Does alimony have to be included in a divorce settlement?
Is alimony taxable to the payor in all states?
What are the consequences of failing to pay alimony?
Is it possible to negotiate alimony payments outside of court?
Is alimony modifiable after the divorce is finalized?
What are the rights of an alimony recipient?
Can alimony be awarded based on need after a long-term marriage?
Is alimony paid during the divorce process?
What happens if the payor moves out of the country?

What is a permanent alimony award?

Related FAQs

Related Blog Posts