What are the factors that are considered when awarding alimony?

When awarding alimony in Arkansas, the court will consider a number of factors to determine if alimony is appropriate. These factors include the financial needs of both parties, the marital standard of living, the ability of the paying spouse to provide alimony, the duration of the marriage, and the age and health of both parties. The court will also consider the earning capacity of both parties and any vocational skills that need to be developed. It will also take into account the contribution of each spouse to the marriage, such as homemaking services or career contributions. The court might consider any other marital misconduct of either party that had an effect on the financial condition of the marriage. In addition, the court will look at the financial resources of both parties, including any available funds such as retirement funds, stocks, and real estate. The court may also consider any tax consequences associated with the award of alimony. Finally, the court may consider the existence of any other form of relief available to the parties, such as child support, before awarding alimony. Ultimately, the court will use its discretion to determine the amount and duration of the alimony award based on the particular facts of the case.

Related FAQs

Is it possible to negotiate alimony payments outside of court?
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