Tag Archives: alimony

Keep Your Expectations in Check During a Divorce

When it comes to divorce, it’s important to remain as realistic as possible. There likely will never be a circumstance in which you get everything you want. Divorce is very much a give-and-take sort of process, with a lot of compromising and negotiating required. In fact, an unwillingness to compromise may not be in your… Read More »

A Reminder of Upcoming Tax Changes That Will Affect Divorces

The clock is rapidly running out on 2018. As soon as the calendar flips, there will be some significant tax reforms that go into effect due to the Tax Cuts and Jobs Act that was signed into law in December 2017. As you may have heard, some of these changes to the tax code will… Read More »

A Spouse’s Substance Abuse Could Affect Your Divorce

Problems with substance abuse are a common factor in divorce cases. If you are divorcing a spouse who has an addiction or frequently abuses drugs or alcohol, it is important to understand how this will affect the strategies you use in your divorce. New York is one of the states that still allows you to… Read More »

Wealthy Americans May Have an Incentive to Get Divorced Quickly

A recent article in The New York Times indicates that under the new Republican tax law, there may be an incentive for wealthy Americans pondering divorce to rush to get it done before 2018 is over. The primary reason for this is that the new Tax Cuts and Jobs Act will eliminate the previously existing… Read More »

What You Should Know About Alimony Before a Divorce

When one spouse in a divorce earns significantly more than the other, it is almost a certainty that there will be an alimony arrangement as part of the divorce decree. The alimony payer is required to pay a specific amount of money each month until a certain date, the remarriage of the receiving spouse, the… Read More »

Alimony Records You Should Be Sure to Keep After a Divorce

Whether you are paying or receiving alimony as part of the terms of your divorce, there are some records you should hold on to that could be important down the line in the event of a dispute. Here is a quick overview of those records you should keep. For the alimony payer If you are… Read More »

Debunking Some of the Myths Associated with New York Divorces

No two states are exactly alike when it comes to divorce. Thus, it’s perhaps not surprising that there are many myths out there related to the divorce process. Many of the rumors you’ve possibly heard about divorce in New York are untrue or only partially true. Below are some of the most common myths associated… Read More »

Alimony Tax Changes Could Make Divorces More Difficult

Figuring out alimony has never been a simple task for divorce attorneys. Alimony arrangements often become the subject of dispute during the divorce negotiation process. The new tax regulations signed into law by President Donald Trump in December could make determining alimony arrangements even more difficult. For the past several decades, the rules with regard… Read More »

How Alimony is Calculated in New York

In New York, spouses can receive either temporary or permanent alimony during and after a divorce, depending on the circumstances of the marriage. To determine if alimony is appropriate in a case, the judge carefully analyzes the needs of the spouse seeking the support and whether the potential payer is financially capable of providing that… Read More »

Why You Might Consider a Lump Sum Payment Instead of Periodic Alimony

There’s a chance you could be awarded alimony as a part of your divorce settlement. In this arrangement, you may have a choice between getting an upfront lump sum payment periodic payments spread out over time, especially if that alimony arrangement will be a short-term one. Although most people have periodic alimony arrangements, there are… Read More »