The monetary support, while offering a lifeline to a financially weaker party in a divorce, can seriously dent the finances of the person paying.
Navigating a divorce can be painful. Watching a very close friend go through one, replaying their entire marriage, wondering when exactly things became irreparable, even more so. The struggles that divorce brings aren’t just mental. They're physical—moving homes, sometimes cities, changing jobs, creating new social schedules—and financial as well. Starting afresh doesn’t come cheap.
Alimony is one of the more contentious aspects of divorce. In this edition of the newsletter, I’ll help you understand what alimony stands for and how your finances can be affected during a divorce.
Alimony, in the simplest of terms, is the financial support …
Lavanya Mohan is a chartered accountant and writer from Chennai.
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