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Simple English definitions for legal terms

short-term alimony

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A quick definition of short-term alimony:

Short-term alimony is money that one spouse pays to the other spouse for a limited time after they get divorced. It is meant to help the receiving spouse get the education or training they need to find a job and support themselves. Short-term alimony usually has a time limit of one or two years. It is different from a property settlement, which is not taxable income for the receiving spouse and is not deductible by the paying spouse.

A more thorough explanation:

Short-term alimony is a type of financial support that one spouse pays to the other spouse for a limited period of time. It is also known as rehabilitative alimony. This type of alimony is usually awarded to help the receiving spouse get back on their feet after a divorce or separation.

For example, if one spouse gave up their career to take care of the children during the marriage, they may need short-term alimony to help them pay for education or training to re-enter the workforce. The court may order the other spouse to pay a certain amount of money each month for a specific period of time to help the receiving spouse become financially independent.

short-swing profits | short-term capital gain

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