In a recent feature by ABC News, Harold Hamm, 67, who ranks No. 35 on Forbes’ list of richest Americans has announced he is going through a divorce and this could be one of the biggest and most expensive divorces in history. Spousal support is a major concern to people facing divorce. However, there are several factors that play into determining spousal support
How long have you been married?
Has one spouse been the primary homemaker?
What is your standard of living?
Does either spouse or the children have special needs?
Does one spouse lack marketable skills or require time to acquire them?
How has each spouse contributed to the other’s career or education?
Can the supporting spouse afford to pay alimony?
If a nonworking spouse seeks employment, will it harm the dependent children?
What are each spouse’s assets and obligations once the divorce is final?
How long should spousal support last?
Equipped with the answers to these questions, mediation can help you determine what is fair spousal support. In some cases, spousal support is only in effect for a set period of time in order to allow a spouse to obtain the skills necessary to support him or herself. So while you may be avoiding this issue, you might be able to see how you both coming to agreement on the terms of the spousal support is more beneficial than having a judge determine it for you. Let mediation help you sort out sensitive matters and reduce your fears.