Tag Archives: alimony

Does Age Impact Divorce Settlements?

A variety of studies have been done over the years into how age at marriage affects the likelihood of divorce. But in terms of actual impacts on the divorce process itself, there are different considerations to keep in mind. Alimony: Alimony is generally meant to be temporary to allow a spouse to maintain their standard… Read More »

What You Should Know About Alimony and Taxes

The Tax Cuts and Jobs Act, signed into law in December 2017, changed the way alimony payments are taxed for some people. The way tax rules apply to your alimony depends on when you were divorced. Here’s a quick overview of what you should know. Changes to the system The legislation eliminated alimony tax deductions… Read More »

Types of Alimony Arrangements

If a court awards alimony to you or your spouse in your divorce, there are several types of alimony awards the court may choose. It is important to know the terms of your alimony arrangement so you can plan accordingly. Here are some examples of these types of alimony. Bridge the gap alimony: This is… Read More »

Dealing With Child Support and Alimony Struggles During the COVID-19 Pandemic

The rapid spread of the COVID-19 pandemic has left many Americans out of work. Many have filed for unemployment benefits but are experiencing extremely long wait times. Others may have stimulus money coming their way, but for those who do not get direct deposit, there have been reported delays with checks being issued that may… Read More »

Tax Strategies That Could Help Your Divorce Settlement

Interested in finding ways to make your divorce settlement easier? Here are just a few strategies you could consider implementing. Put alimony in a trust The changes in how alimony would be taxed opened up some new possibilities for how you’ll deal with alimony. The spouse paying alimony is no longer able to deduct the… Read More »

Just Because You are Not Married Does Not Mean You are Safe

People spend their lives living together without marriage. Many believe that this is without significant entanglements. They are wrong. There are great dangers to living with someone and, there are dangers that you would never see coming. In 2010 there was the update to the matrimonial law which came into effect in 2016. It changed… Read More »

How Can You Keep Most of Your Pension in a New York Divorce?

After you’ve spent years contributing to your pension, the possibility of losing half of it to your ex during a divorce may seem a bitter pill to swallow. But a pension is considered marital property in New York and thus subject to equitable distribution, so relinquishing part of your pension is nearly unavoidable. Equitable means… Read More »

Did You Know You Should Get a Cohabitation Agreement?

New Yorkers in long-term relationships sometimes delay getting married because they are unsure about establishing a legal bond that would require court action to dissolve. One frequent concern involves alimony, which is referred to as “maintenance” in the state statutes. The length of the marriage at issue is a key factor in maintenance determinations. Many… Read More »

Your Spouse Cheated: Can You Get More Alimony or Property in the Divorce?

The short answer is yes, there is a way. However, successfully using evidence of an affair to obtain a favorable property or alimony award is rare. Our firm has achieved many positive results in this area but certain factors must exist in order to influence a court’s decision. New York judges are not allowed to… Read More »

The American Divorce

WHY GET MARRIED? There are religious; personal and societal reasons the couple will marry. Couples who are married tend to enjoy longer lives; happier lives and many benefits that are conferred to them by the State and Federal Government. The institution of marriage is inextricably intertwined with our culture; most religions; and most all segments… Read More »