Alimony, or as it is called in some states, spousal maintenance, is a payment of money from one spouse to the other spouse either during the divorce process or ordered to begin after the divorce is finalized. During a divorce, spouses look for any way they can to avoid spending …
As is the case in many situations in life, there can be several different terms for the same situation – this applies in the world of family law quite often. In this specific case, alimony and maintenance are in fact the same thing. Because every state has its own set …
Are Alimony and Maintenance in a Divorce Settlement the Same Thing? Read More »
Alimony is something most of us have heard about at some point, but depending upon where you live or grew up, it may be something of which you are not completely familiar. When a divorce settlement occurs, one of the parties may be required to pay a predetermined amount to …
By the time their divorces are finalized, most people are eager to move on with their lives separately. They have divided marital and nonmarital property and worked out child custody if the family included children. Many divorcing couples also must determine alimony and child support payments. In some cases, having …
Divorce requires a couple to divide property accumulated during a marriage but it also requires ensuring that each party is well-positioned in the near future. Providing financial assistance called alimony to a divorcing spouse is one way to do this. A spouse who engaged in child or domestic care instead …
Will My Divorce Include Alimony/Spousal Support? Read More »
A divorce can have unequal economic impact on the two parties involved and alimony addresses this. Sometimes called spousal support, alimony is financial support that one party provides to the other following divorce. To qualify as a recipient, an individual must meet criteria that include having lower income than the …
For many spouses, property division in divorce includes dividing pension accounts. Pensions are employer-maintained, tax-deferred retirement accounts that provide fixed payouts during retirement. Many public and some private employees receive pensions as part of their benefit packages. When a couple divorces, these accounts must be handled appropriately to ensure that …
Dividing retirement in divorce can be complicated and frustrating. Many people spend decades saving for their post-working years and if their marriages do not work out, they may lose a substantial amount of this money. With record numbers of Americans, many of whom have retirement plans, divorcing at age 50 …
When couples divorce, they divide property, money, and retirement accounts. In addition, they must compare income and may need to arrange for financial support of the other spouse. Called alimony or maintenance, this support prevents one spouse from being unfairly financially affected by the divorce. Divorcing spouses who think they …
Alimony is one of the outcomes of many divorces but many couples do not understand its purpose or how it is determined. Alimony is the regular payment of a predetermined amount of money by one former spouse to another after divorce. It is awarded when one spouse earns more money …
Alimony, or spousal support, is a very complicated situation because there are no universal rules regarding this topic. Whether spouses agree upon it themselves, rely upon the expertise of family lawyers, or look to courts for a decision, there are few regulations to follow. However, there are several general principles …
Going through a divorce raises many questions regarding assets, children, and splitting property. One topic many couples encounter during this process is spousal support or maintenance, commonly known as alimony. There are many circumstances in which this support may or may not be appropriate and disagreements about conditions may arise. …
