Sentences with phrase «as alimony»

Posts are about family law issues such as alimony, child support and shared parental responsibility.

A party may also file a motion for spousal support, which is also known as alimony.

If the divorce or separation agreement requires you to pay these premiums, and your spouse owns the policy, then you may be able to deduct those premium payments as alimony.

In this section we examine the pragmatic differences between divorce versus legal separation as well as alimony versus child support.

The 3 - year period starts with the first calendar year you make a payment qualifying as alimony under a decree of divorce or separate maintenance or a written separation agreement.

The divorce provided that the husband was to pay to the wife $ 500 each month for eight years as alimony in gross.

A payment to a spouse under a divorce or separation agreement that happens after 1984 is treated as alimony.

One situation that can create problems is when all payments are labeled as alimony while some of the money is also used as child support.

Generally, if your ex will be responsible for paying any of your expenses, it will be regarded as alimony.

A couple's property division during divorce may affect related issues such as alimony.

Further, the court can consider requests for spousal support, also known as alimony, after the property is divided.

If the divorce or separation agreement requires you to pay these premiums, and your spouse owns the policy, then you may be able to deduct those premium payments as alimony.

The tax advantages of using alimony can be so powerful that people going through divorce are tempted to label as alimony some payments that are really child support or property settlement.

You do this by including a provision in your divorce or separation instrument that states the payments are not deductible as alimony by you and are excludable from your spouse's income.

You do this by including a provision in your divorce or separation instrument that states the payments aren't deductible as alimony by you and are excludable from your spouse's income.

Still, I hate to tell it to you, guys, but marriage isn't divorce and divorce isn't marriage; there's no such thing as alimony or child support within a marriage.

Your payments qualify as alimony if:

Starr FM reports that the court also awarded 40 % of a GHc500, 000 cash as alimony to the ex-wife, a cost we understand Nii Lamptey intends to appeal.

Note that after 2018, that will no longer be the case as alimony payments will no longer be considered taxable income to the recipient as a result of the Tax Cuts and Jobs Act of 2017.

Included in the agreement was a provision that the husband would pay $ 4,333.33 per month to the wife as alimony until the death of either party or the wife's remarriage.

To determine alimony, the court looks at the respective needs and abilities of both parties.These factors are generally referred to as the alimony factors:

Spousal maintenance, referred to in the past as alimony or spousal support, is a common issue during divorces in Minnesota.

In support of its decision to decline to treat any part of the temporary alimony as an advance on equitable distribution, the family court noted that both parties treated the payments as alimony for tax purposes.

Consider, for example, the instance of classifying payments as alimony vs. child support.

This Bill should be singed as alimony in needed for the receving spouce to have time to put them selfs together but the paying spouce should not haft to pay for ever and not able to move on with there life,?

If you aren't legally separated under a decree of divorce or separate maintenance, a payment under a written separation agreement, support decree, or other court order may qualify as alimony even if you are members of the same household when the payment is made.

As of January 1, 2015, Illinois has a completely new statute dealing with maintenance (formerly known as alimony -LSB-...]

This could include your monthly paycheck from your job, any dividends or interest you receive from owning assets, as well as, any additional money you receive such as alimony or palimony.

«Jim is good with money,» says Erica, «but the next three years will be expensive for him because he has to pay huge college bills for his sons, as well as alimony to his ex-wife.»

Child support payments are not treated as alimony.

If your divorce or separation agreement states that you must pay the real estate taxes for a home owned by you and your spouse, part of your payments may be deductible as alimony and part as real estate taxes.

This can provide an incentive to the ex-spouse who is making the payments to attempt to classify part of child - support payments as alimony, especially as state laws increasingly complicate the requirements for support.

It's WHY we have things such as Alimony and Child Support.

There are specific exceptions such as alimony and child support, court fines, debt involving fraud, misrepresentation, embezzlement, damages awarded in respect of causing intentional bodily injury, sexual assault and so on.

Exceptions include if the spouse is part of the credit application or will use the account; if the applicant is relying on a spouse's income; or if the applicant is relying on money from a former spouse, such as alimony or child support.

If your debts are ones that can't be discharged under a Chapter 7 bankruptcy — such as alimony and student loans — then Chapter 13 may be the only option left.

Expect the lender to verify eligibility for unemployment benefits or other sources of income such as alimony, child support, Social Security, or disability insurance.

If you can't discharge your debts under a Chapter 7 bankruptcy — such as alimony and student loans — then Chapter 13 may be your only solution.

The Petition outlines everything that the Petitioner is requesting such as alimony, child support, their portion of the marital assets and liabilities, timesharing with the minor children, and attorneys fees.

The state of Oregon has specific laws regarding spousal support, also known as alimony.

Spousal support, referred to as maintenance in Illinois (formerly known as alimony), may be awarded to either spouse, as the court seems fair.

Another financial effect, which you could face after a divorce proceeding, is that of spousal support, which is also commonly known as alimony.

Specifically, the new law takes away the ability to deduct spousal maintenance (commonly known as alimony) on your federal income tax return.

It is filed when the spouses disagree about one or more issues, such as alimony, child support, property division, or child custody and visitation.

As alimony is not limited solely to cash payments, and may also include medical or dental expenses, house payments, or other expenses, it's important that your former spouse fulfils their obligation to pay the alimony.

Formerly known as alimony, spousal support is paid by one spouse to another.

So when one uses the term «Contested Divorce» they are generally referring to the fact that the parties are unable, at least initially, to reach an agreement as to the issues involved such as alimony or child support.

Also, spousal maintenance sometimes referred to as alimony, may or may not be a problem depending upon each spouse's respective ability to support themselves.