Is Alimony Permanent in New York? | What to Know
Alimony is one of the most contested issues of a divorce. If you are unsure about whether or not your alimony can be permanent, reach out to our skilled Nassau County alimony attorney. Our legal team is on your side.
Does the state of New York award permanent alimony?
In New York, the purpose of alimony is to ensure that the dependant spouse is able to maintain the same standard of living as they did during the marriage. In the majority of cases, New York courts will require that both parties reveal their financial status and statement of net worth to be used in their alimony considerations.
Alimony arrangements are never awarded permanently. In fact, New York courts follow a very specific procedure when determining the proper amount of alimony. Courts will consider income, separate property of spouses, marital property, and tax consequences. Furthermore, the longer the marriage, the more significant the spousal support award. Also, if children are involved and one of the spouses has physical custody of the children, alimony can be affected.
Additionally, New York courts also consider the future earning capacity of each spouse and the need of one party to incur education or training in order to achieve their career goals. Furthermore, if one of the parties postponed their education possibilities in order to help their spouse’s career or academic goals, or stayed home with their children, spousal support can be impacted.
Can alimony agreements be modified?
In some circumstances, alimony can be modified. For instance, if the dependent spouse becomes financially independent or exceeds the independent spouse financially because of their career, then changes to alimony plans may occur. There are several other factors that can change alimony arrangements including:
- If the dependent spouse gets an inheritance or monetary award;
- If the dependent spouse becomes self-supporting;
- If one of the parties wastefully spends their spousal support; and
- If one of the parties runs bills on the house or sells items.
If you have questions or concerns about alimony arrangements and modifications, it is in your best interest to reach out to our firm today to discuss the details of your case and your options. Our legal team is on your side no matter what. Speak with a Nassau County divorce attorney today.
Contact our experienced Nassau County firm
The Pollack Law Firm, P.C., rated Nassau County’s “BEST” divorce lawyers and proudly serving clients in Nassau and Suffolk County for more than 22 years, is always available to assist and represent parties in divorce, separation, and all other matrimonial and family law matters. Contact us online or call today to schedule your complimentary case analysis: (516) 938-3330.