A common question that comes up in family law practice is what happens when someone who comes from a modest background “marries into money” and then gets divorced. Specifically, if one spouse comes from a rich family, does that mean that he or she will never be entitled to alimony payments? While your soon-to-be ex’s… Read More »
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 »
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 »
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 »
If your financial situation has changed since your divorce was finalized and you can no longer make the same financial contributions as earlier, you may need to modify the terms of your alimony agreement. It is possible for alimony amounts to be changed, although it may require substantial evidence in support of your claim. Reasons… Read More »
Alimony, also known as spousal support or spousal maintenance, is often paid by one spouse to another during or after a divorce. Many factors are considered when determining the alimony amount for New York couples that are deciding to end their marriage: What is alimony? Alimony refers to court-ordered payments that are put in place… Read More »
When a judge awards alimony to a former spouse, it is a legally enforceable court order that must be fulfilled. Despite this, it is all too common for individuals to fall behind on spousal support payments. If you stopped receiving alimony from your former spouse, you may need to take action to have the payments… Read More »
During a divorce, the property, funds and retirement benefits you have acquired throughout your marriage may be divided. For this reason, it’s essential that you and your attorney identify your top priorities and create specific goals for your divorce settlement. Doing so will help you get what is most important to you out of your… Read More »
If you are going through a divorce, you will want to be aware of how alimony will be determined, and how these decisions will impact your finances after your divorce ends. Alimony is a form of spousal support that is paid by one member of a divorced couple to the other. Decisions concerning who pays… 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 »