How much spousal support, or alimony, is enough?

While it may be assumed that spousal support will occur, how much support and for how long is it needed? It is not uncommon for the payor party to strive to minimize these figures and the payee party to increase the figures during negotiations. In lieu of each party digging their heals in the sand, holding their line, there is a better way to go about this.

How do you determine the “right” number for spousal support? This is where your CDFA™ comes into the equation. We can provide a full financial projection looking 20 years down the road. Income, expenses, assets and liabilities are all factored in. This allows each party to have a robust financial plan illustrating a settlement they are considering. You don’t need to make decisions in the dark, and shouldn’t! 

With a full analysis in front of you, it’s much easier to find a “win, win” for both parties. Both parties can then move forward with their lives confident in their decision and their financial futures. It is all to common to see parties battle for figures that are irrelevant and are not founded in a thoughtful manner. 

Once you can see the net worth and cash flow for each party, understanding that you can meet your financial goals, then reaching a certain level of maintenance and support is achievable. Avoid getting caught in the tug-of-war over the wrong figures. Give us a call so we may support you. We are here to help!