What is a Palimony Agreement?

Palimony is a new term in family law. Alimony is well-understood by many people because it has been in place for a long time. It is a payment arrangement for a spouse when a marriage is terminated. However, not all couples choose to marry even though they establish similar domestic relationships as married couples. This is why palimony has been coined as a new term in family law. Basically, palimony works the same as alimony and applies to couples who have lived together for a long period of time. Once the relationship ends, one of the parties may seek financial support.

palimonyPalimony does not apply to all long-term relationships. There has to be an agreement between the two parties in the relationship that one person would support the other person. In return, the other party would perform home-making and other domestic duties instead of working outside of the home. It’s unusual for a couple to create palimony agreements, but occasionally, some parties turn to family law attorneys to create these agreements.

It’s more common for a palimony payment to be implemented when a case goes to a family law court. A judge will make a ruling on palimony based on the circumstances, which can vary widely. Not all relationships are eligible for this type of support. If you’re in a potential palimony situation, it’s important to retain a family law attorney who has extensive experience with this sort of law. This will protect you from overpaying or help you get the compensation that you deserve.

Keep in mind that palimony, like all sorts of support situations, can change. Over time, as personal situations change, palimony can change. It’s important to consult your family law attorney any time you or your former partner’s situations change. This might include a new partnership or marriage, a reduction or increase in pay. Job loss or changes in financial obligations may also affect palimony. A judge will make a ruling based on the new circumstances in the case. You should work with your family law attorney to protect your interests any time you have to negotiate a new palimony agreement.

Leave a Reply

Your email address will not be published. Required fields are marked *