Should I Give Up My Right to Alimony in an Atlanta Divorce?

During an Atlanta divorce, you might have the opportunity to give up your right to receive alimony. Perhaps your ex is proposing some kind of deal that would give you something else of roughly equal value. Perhaps your ex is trying to convince you that alimony isn’t really necessary, and that it is an antiquated concept. Should you agree to this type of deal? This is something you might want to ask your divorce lawyer.

How to Negotiate for Alternatives to Alimony

Spouses in Atlanta have the freedom to engage in alternative dispute resolution (ADR) during divorce. This process involves negotiating in private instead of going to court. During these private negotiations, you can agree to give up your right to alimony in exchange for something else of value. Alternatively, you might agree to forgo alimony without receiving anything in return.

For example, your ex might prefer to offer you a lump sum instead of paying you monthly alimony payments for a certain number of years. This might facilitate a “clean break” without the need for ongoing interactions between spouses. This type of arrangement is called “lump-sum” alimony, and it could be appropriate for certain spouses.

With a lump sum payment, you may have more freedom in terms of investment possibilities. However, gradual payments are also beneficial. When you receive your alimony on a monthly basis, it is easier to spend responsibly without wasting your support all at once. Your lawyer may be able to help you determine whether lump-sum alimony serves your best interests.

Your ex might also offer you something else. Perhaps they’ll offer you the family vehicle, the vacation home, or another asset roughly equivalent to the amount you’d receive through alimony. It is important to carefully calculate the pros and cons of these deals before accepting. Pay close attention to the true value of the assets offered and their tax implications.

Rehabilitative Alimony Can Help You Become Financially Independent 

Some types of alimony can help you become financially independent. Instead of serving as a crutch, this financial support can elevate you toward new work credentials. An example is “rehabilitative alimony,” which lasts just long enough for you to retrain, recertify, and re-enter the workforce. This type of alimony can be much more helpful long-term compared to a lump-sum payment or another asset transfer.

Can an Alimony Lawyer in Atlanta Help Me? 

An alimony lawyer in Atlanta may be able to help if you’re considering whether to relinquish your right to spousal support. In certain situations, this may serve everyone’s best interests. However, you should always consult with a lawyer before making any major decisions. You may benefit more from gradual alimony payments, and you always have the right to say no to any proposed deals. Consult with Buckhead Family Law to learn more about your options.

Sources: 

womenslaw.org/laws/de/divorce/information-alimony/can-i-get-alimony-how-many-years-would-i-get-payments

georgia.gov/file-divorce