When a marriage
ends, one of the issues that may arise is the maintenance
payments
one party has to pay to the spouse who may not have an income.
Obviously, these payments can be a financial burden to the provider,
so their end is always a welcome event.
There are several things you have to
know about maintenance payments. First, it is granted by the more
financially stable party to the one with the lower (or no) income.
Furthermore, there has to be a good reason why these have to be paid
out; for example, the ex-spouse is only about to retrain or reenter
the workforce, and needs the maintenance payments during the process.
Maintenance payments differ
somewhat, however, when it comes to the length of period they have to
be paid. There is what’s called the “joint lives” basis,
wherein payouts will continue until either of the ex-partners passes
away, or when the receiver remarries. The agreement can also be
non-extendable, in which the payments will only last for a set amount
of time.
Those who might have any questions
about maintenance payments following divorce can approach established
family law firms in London for more information, so that they can
understand the options available to them.
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