Does alimony have to be agreed upon by both parties?
In Arkansas, alimony or spousal support must be agreed upon by both parties involved in a divorce. This agreement is legally binding and is part of the final divorce decree. Generally, one spouse pays the other spouse a specified amount of money for a certain period of time. If the couple cannot reach an agreement on alimony, the court will decide what is fair and just. There are several factors the court will consider when making this decision. These include the length of the marriage, the age of each spouse, the earning capacity of each spouse, any special needs of either spouse, and the standard of living during the marriage. Alimony is not always required or necessary in every divorce case; however, if the court decides that alimony is appropriate, both parties must agree on the amount and duration of payments. Alimony can be modified or terminated by either spouse at any time, but it usually requires a formal request to be made to the court. If the receiving spouse is not complying with the court’s alimony order, the paying spouse can also ask the court to modify or terminate the alimony order. In Arkansas, alimony is an important part of the divorce process, and it is important to remember that both parties must agree on the amount and duration of payments in order for it to be legally binding.
Related FAQs
Is alimony awarded in every jurisdiction?Are living expenses included in an alimony award?
Are alimony payments considered marital assets?
What are the rights of an alimony recipient?
Is alimony awarded in divorce proceedings involving military personnel?
When can an alimony agreement be terminated?
Can alimony be awarded to a spouse who has remarried?
Can alimony be paid in installments?
When does an alimony obligation begin?
Is alimony revoked if the payor declares bankruptcy?
Related Blog Posts
'Demystifying Alimony Law: What You Need To Know' - July 31, 2023'Divorce and Alimony: Understanding Your Rights and Responsibilities' - August 7, 2023
'Tax Implications of Alimony Payments: How to Protect Your Finances' - August 14, 2023
'How to Calculate Alimony Payments: A Step-by-Step Guide' - August 21, 2023
'Alimony Modifications: Know Your Rights and Options' - August 28, 2023