Divorce is not black and white and everyone's situation is unique. In this short video, I discuss two creative ways to approach alimony. Both of these approaches could be a win-win for husband and wife.
The first is a tier-approach: Higher alimony for a set number of years while kids are at home, then taper it down for another set of years for wife's education or starting a business. Then reduce down again for another set of years to allow wife to create her own income and become financially independent.
The second is an alimony buyout: Trade alimony payments for cash or investments. This approach allows wife to create her own alimony where she uses the assets to pay herself.
Again, everyone's situation and needs are unique. Work with a Certified Divorce Financial Analyst to craft your ideal alimony outcome.