Understanding alimony is only one of the several challenging aspects of the divorce process. In Tennessee, two common types are transitional and rehabilitative alimony. But what do these terms mean for you?
This blog outlines the differences between the two concepts. Whether you’re considering divorce or already going through the process, this guide may help you make more informed decisions.
Rehabilitative alimony
Rehabilitative alimony aims to support a spouse who needs time and resources to become self-sufficient. This type of support can help someone who can, with effort, reach a level of income that allows them to live a life similar to what they had during the marriage. It’s all about providing the means for education or job training to help the disadvantaged spouse gain financial independence.
Transitional alimony
Meanwhile, transitional alimony can be helpful for situations where the spouse doesn’t need training or education to get back on their feet. However, they still need financial support to adjust to their new life post-divorce.
It is provided for a set period and helps the recipient manage the immediate economic changes that come with separation. It serves as a bridge to help them transition smoothly into their new circumstances.
Know which type of alimony you’ll need
Rehabilitative alimony helps someone become independent and self-sufficient. It serves as an effective safety net that gives the disadvantaged spouse the time and support to get back on their feet.
Meanwhile, transitional alimony provides short-term help during a difficult time. It can be a temporary boost to help someone adjust to their new situation.
Understanding the distinctions between the two is crucial when managing your finances after divorce. By grasping these differences, you can better advocate for your needs.