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 »
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 »
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 »
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 »
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 »
While planning for your divorce might seem like a daunting and unappealing process, it is important to prepare yourself for the process you are about to go through and what lies beyond it. Specifically, sound financial planning can help you avoid some of the challenges divorced people tend to face. Below are a few tips… Read More »
Originally, Alimony Laws were to eradicate financial inequities suffered by divorcing women. Since then, alimony has turned into maintenance and maintenance has various factors which determine as spouse’s eligibility; the amount of maintenance and the duration. On June 24th, 2015 the United States Senate passed a bill which was a “sweeping revision” to the Domestic… Read More »
In the last few years, there is a 60% increase in divorces in January in the month of December. January 4th is usually listed as “divorce day” when in truth, February 16th seem to be the true “D-day” or divorce day in any given year. This year should be different because of the new maintenance… Read More »
Between 1990 and 2010, the divorce rate for Americans over the age of 50 doubled. For many couples ending their marriages later in life, special considerations may factor into a settlement. If you are entering into a divorce as a senior, consider the following: Alimony issues: Unlike younger divorcees who may only be required to… Read More »
Are your romantic problems now your math problems? For women who are married and are marrying men with an ex-wife, they will be affected by the alimony situation that came out of his first marriage. Belinda Luscombe’s article in TIME magazine highlights the struggle between first wives and second wives. 1 The TIME magazine article… Read More »