Topics To Evaluate Before You Waive Your Right To Spousal Support
Posted on: 14 February 2019
In many divorce cases, the spouse who has a right to spousal support will work hard with his or her attorney to get as much financial support as possible. There are other scenarios, however, in which this partner may waive his or her right to this money. Doing so is a move that you might make for a number of reasons, many of which may be deeply personal to you. However, waiving your right to spousal support isn't a decision that you should take lightly. Speak to your attorney about your feelings regarding this topic so that he or she can counsel you and ensure that you make the right choice. Here are some topics to evaluate before you decide.
Your Earning Potential
If you're entitled to spousal support, it's because your spouse has made more money than you. For many people, spousal support is an effective way to get back on their feet after a divorce. However, if you feel as though you have a considerable amount of earning potential, you might feel as though spousal support is unnecessary. Maybe you're just about to embark on a career that you believe will be lucrative, or maybe your parents have a family business in which you can work. In these cases, you might waive your right to spousal support because you feel you'll be healthy financially.
Using your savings to get your new life started isn't always the best of ideas, but if you find that this is the course you wish to take, you'll need to evaluate how much money you have. Perhaps you have saved a lot of your money over the years, or maybe you've recently received an inheritance that you haven't touched. In either scenario, you may feel better about relying on this money than seeking spousal support from your partner.
Your Future Relationship
Some people move quickly from one relationship to another when they get divorced. For example, if you had a long period of separation and found a significant other during this time, you may have plans to move in together or even get married once your divorce is finalized. You might opt to waive your right to spousal support if the person with whom you'll soon be living is financially stable. While you'll obviously need to have an understanding with this person about having access to his or her funds, this may be a reason to decline support.
Contact legal help, such as from The Law Offices of Richard J. Eagleton, PLLC, if you still have questions.Share