Understanding Alimony In Mississippi
Alimony, also known as spousal support, is a common concern for individuals getting divorced in Mississippi. Understanding your rights and the guidelines regarding alimony can help you plan for the future after your divorce has been finalized.
The King Law Firm, PLLC, in Gulfport, assists spouses going through divorce. Attorney Jacob King will guide you through this process, explain your options and protect your rights. You will always receive the prompt attention your case needs. We will personally provide you with updates and advice throughout your case.
Alimony: Who Receives It And How Is It Calculated?
Mississippi has lump sum and periodic payment alimony. Lump sum is the final dollar amount that will be paid in a single payment or over a certain period of time. This type of alimony cannot be modified by the court, and remarriage or death does not impact the payment.
Periodic payment can be modified and ends when either spouse dies or if the spouse receiving alimony remarries or lives with a new partner in a de facto marriage.
Several factors are considered when determining alimony awards, including:
- Income and living expenses;
- Health and current and future earning capacity;
- Each party’s financial needs;
- Each party’s obligations;
- Assets owned by each party;
- The length of the marriage;
- How many children the parties have;
- The age of the parties;
- Each party’s standard of living during the marriage, as well as at the time the amount of support is calculated;
- The tax consequences of the spousal support;
- Any fault or misconduct that led to the divorce;
- Wasteful dissipation of assets by either party; and
- Any other factors the court views to be “just and equitable.”
The goal of alimony is to give the receiving spouse the same standard of living he or she had when married. The court does have discretion to award alimony after considering factors unique to each case.
Discuss Alimony With An Attorney
Every case is different and depends on your and your spouse’s circumstances. While it may not seem important to have a lawyer when it comes to alimony — that’s simply not the case.
We know how divorce can impact all aspects of your life, and the ways you can plan to protect your future and financial goals.