Alimony

Given Florida’s popularity as a retirement destination, the issue commonly comes up about how to structure alimony when divorcing parties are nearing retirement age. This is a multifaceted question of some complexity. Negotiated alimony First of all, the couple can...

The Tax Cuts and Jobs Act has many controversial provisions, but one will have significant impact on many divorcing couples. The new tax law makes an unexpected change to a tax arrangement that has been central to American divorces for three-quarters of a...

It was not only hurtful but also insulting when you found out that your spouse was cheating on you. You knew that you wanted to get a divorce immediately, because you could never forgive him or her for doing so.It's not hard to imagine the shock you received when you...

As a man in an unusual situation, it's important that you understand alimony. You may have been a stay-at-home father, or perhaps you put your career on hold for your spouse. Whatever the reasons were, if you're not where you wanted to be in your career, alimony is...

When you're going to be paid or going to pay alimony, there are records you should keep. Preparing for what you need now can help you avoid trouble later. These records are important for your own recordkeeping as well as for the courts and your taxes. Alimony is tax...

Although you may not want to pay spousal support to your spouse upon divorce, it's important to recognize the purpose of it. Spousal support, also known as alimony, is awarded to help limit unfair economic effects of a divorce. For instance, if you have been the sole...

When you are facing the prospect of divorce, one of your main concerns may come down to money. If you've been a housewife or househusband, you may not have a career to support you. Even if you get a job, there's a chance it won't pay as much as your spouse currently...

You've been living with your spouse for many years, and your finances are intertwined. You stayed home to watch your children more than your spouse, so you only worked part-time. Now, you're in your 50's and your children have finally moved out of your home. You...

If you pay alimony, one thing you have to consider is the impact it will have on your taxes. Alimony is treated as a type of income. Since you're the one who will have to pay alimony, your ex-spouse needs to pay taxes on that income.How do you know if you can deduct...

You know that alimony is something some people pay to their exes following a divorce, but what is it? Does it have any importance in your case? Spousal support is an important payment that is paid to a divorcing spouse who earns less than the other. The payment is...