Sentences with phrase «of alimony»

The impact may affect both the amount of alimony awarded, as well as the number of years alimony will be paid.

Most types of alimony awards may be modified or terminated if there has been a substantial change in circumstances since the final judgment was originally ordered.

Imagine having to appear before a family court judge who took a very public position on the award of alimony or the general credibility of persons alleging domestic abuse.

Instead, the court sets the term and amount of alimony payments based on several factors.

Changes to the individual and corporate tax rates could also affect planning and negotiation of alimony in divorce proceedings.

A supporting spouse who commits adultery can expect that fact to greatly impact the size and duration of any alimony award.

The repeal of the alimony tax deduction is just one of many changes in tax law that may affect separated and divorcing couples, and unmarried couples with children.

Reading too fast, we thought repeal of the alimony deduction took effect in 2018, but this change in the law is delayed until 2019.

In many cases, the parties will insert a clause in the property settlement agreement that will prevent any modification of alimony even if there is a potential chance of circumstances in the future.

Various forms of alimony, or spousal support, exist under the law.

Although you and your spouse may agree on the terms of an alimony request, a judge will ultimately have to review it for fairness before he or she can consider granting it.

Even if the court does find that there should be some type of modification, retirement, even at the age of 65, does not guarantee a total termination of alimony.

Taking the family home in lieu of alimony payments may seem like a good idea now, but real estate values could fluctuate.

The parties may also agree in a separation agreement that the tax deduction and the taxable income aspects of alimony law shall not apply.

After the equitable division of martial property, the final step the court must complete is a consideration of alimony.

Learn more about how mediation can be used to make decisions about the payment of alimony as part of a separation agreement.

However, voluntary retirement is also a basis for a modification of alimony when the voluntary retirement is reasonable.

Still, only 3 percent of alimony recipients are men.

But in most cases divorcing couples took advantage of the alimony tax deduction.

The cancellation of alimony would not affect child support obligations since a parent has a duty to support a child irrespective of the other spouse's financial status.

The parties may also agree in a separation agreement that the tax deduction and the taxable income aspects of alimony law shall not apply.

That way, if you passed away, your policy would protect them and your dependents from the loss of alimony, child support or other financial assistance.

The court should evaluate each case separately on its own merits in deciding whether to award a sum of alimony and its duration.

Depending on your individual circumstances, you may also be asked to provide proof of alimony, child support, disability, bonuses, or any other income.

· If you are paying or receiving child support or alimony, a verified copy of the alimony or child support agreement must be supplied.

If divorced or separated Complete executed divorce decree and settlement agreement Payment history of alimony / child support over the past 12 months, if it is a financial obligation.

Terms calling for payment of a lump sum in lieu of alimony at an increasing scale according to the length of the marriage are common.

Couples who do not wish to leave the matter of alimony to the court may work with a child and spousal support lawyer to reach their own agreement about spousal support.

There are many factors that influence the amount and duration of alimony received, which can be discussed with the attorney during your free initial consultation.

The concept of alimony developed when most marriages followed the traditional pattern of a husband who worked outside the home and a wife who stayed home and took care of the household.

As with property distribution, the court must consider the income tax ramifications of the alimony award.

Each spouse's alimony rights depend on a state court's review of the alimony factors included in state law.

The other parent is then ordered to pay a crushing amount of child support, sometimes on top of alimony.

However, there are multiple factors that courts consider when determining whether one party is in need of alimony.

The lawmakers in that state established stricter guidelines as to the length of alimony payments, among other revisions.

The judge will determine the amount and duration of alimony based on the same factors that would be considered if your divorce was not yet finalized.

I can explain the different types of alimony and answer any questions you may have during our mediation session.

Find out what a judge considers when determining the appropriate amount of alimony one spouse must pay to the other.

Consumers experiencing hardship can ask a judge to modify the terms of the alimony or child support agreement, but bankruptcy doesn't exempt the consumer from meeting these obligations.

Reading too fast, we thought repeal of the alimony deduction took effect in 2018, but this change in the law is delayed until 2019.

A change of circumstances in either one party's ability to pay, or a recipient's need, may be justification for modification of alimony.

The main factor a court considers when determining the amount and duration of alimony is the value of each spouse's property after the marital assets are divided.

Men pay 97 % of the alimony in this country.

Both processes also allow for solutions that differ from what a court might be able to order - such as a lump sum payment in lieu of alimony.