Sentences with phrase «of alimony obligations»

Jacksonville family law attorney Cindy Lasky offers advice and representation in the following matters: Divorce and legal separation Complex property division problems in divorce cases Military divorce Alimony and modification of alimony obligations in...

Not exact matches

Discharge types of debts singled out by the bankruptcy law for special treatment, such as child support and alimony (known as Domestic Support Obligations), student loans (but tuition is dischargable), court restitution orders, criminal fines, and some taxes.

However, student loans are among a handful of debts (child support, alimony, tax obligations, fines and fraudulent debt) that can't be discharged, except in very rare instances.

To calculate, add all of your debt obligations: mortgage, car loans, insurance, credit card, and other obligations you may currently have, including child support or alimony.

If you are paying alimony or child support, include marital settlement / court order stating the terms of the obligation

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.

Meet one or more of the eligibility requirements for a hardship withdrawal which include: disability, debt for medical expenses that exceed 7.5 percent of your adjusted gross income, alimony and child support obligations or separation from employment through termination, retirement or quitting.

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.

For example, if the party receiving alimony decides to get remarried, the Arizona court has a legal obligation to terminate any remaining alimony payments, unless both parties agreed in the alimony order that the remarriage of the spouse receiving the alimony payments would not have those payments terminated upon remarriage.

However, if you are not successful on your modification action, the court may order you to pay any arrearage that has accumulated during the period of time where you were not satisfying your child support or alimony obligations.

If you have been awarded alimony in a divorce or separation, you can use a Demand for Alimony Payment to help remind your former spouse of their obligalimony in a divorce or separation, you can use a Demand for Alimony Payment to help remind your former spouse of their obligAlimony Payment to help remind your former spouse of their obligations.

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.

Here's another frequently forgotten little nugget about life insurance, which is typically required to guarantee the payment of alimony if you should die while your obligation to pay alimony is outstanding.

But what about the couple that says they don't want the legal obligations of marriage or a civil union (not including their obligations to any children), but when they break up, one of them changes direction and demands alimony?

Claims in divorce create the right, but not obligation, to request money or property such as equitable distribution of marital property, alimony, spousal support, or legal fees.

Where children are residing with the spouse obligated to pay spousal support or alimony pendente lite (custodial parent) and the other spouse (non-custodial parent) has a legal obligation to support the children, the guideline amount of spousal support or alimony pendente lite shall be determined by offsetting the non-custodial parent's obligation for support of the children and the custodial parent's obligation of spousal support or alimony pendente lite, and awarding the net difference either to the non-custodial parent as spousal support / alimony pendente lite or to the custodial parent as child support as the circumstances warrant.

Even though you're getting divorced, you may still rely on your former spouse for financial support — alimony, child support, and mortgage payments are just some of the financial obligations ex-spouses may negotiate in the divorce settlement.

An ex-spouse paying alimony may find that it's the ideal solution to make sure and fulfill these obligations in the event of your death.

If this is your situation, you will, at minimum, need enough life insurance to cover the loss of your monthly support payments until your child support obligation ends (this differs by state), alimony, ongoing shared expenses (your children's health insurance), and planned contributions to your children's college fund or savings.

As bills and expenses began to pile up during divorce, the obligations of alimony and child support as demanded by the court system must be adhered to.

This expense will allow the family's financial obligations to continue to be fulfilled in the event of the spouse paying child support or alimony dies.

It makes good sense to not overextend the obligation longer than needed; so using your alimony payments as an example, only get a policy term of 10 years for 10 years of alimony responsibility.

According to Kentucky law, either spouse may be awarded alimony, also called maintenance, if he or she lacks the property to provide for his or her own needs, and is unable to find appropriate employment, or is unable to work because of obligations to care for children or others in his or her custody.

The prospect of legal fees, alimony, child support, property division and debt obligations may become stressful and even overwhelming.

Be sure to also include a copy of your divorce agreement so the court can review your ex-spouse's original alimony obligation.

(a) Child support and, when the child support obligation is being enforced by the Department of Revenue, spousal support or alimony for the spouse or former spouse of the obligor with whom the child is living.

The judge looks at the following criteria when it comes to dividing assets: the age of the spouses, their future earning capacities, the duration of the marriage, the history of the property, the tax consequences of a forced sale, family ties and obligations, and an allowance for alimony.

Here's another frequently forgotten little nugget about life insurance, which is typically required to guarantee the payment of alimony if you should die while your obligation to pay alimony is outstanding.

In George v. George, 476 Mass. 65 (2016) the Supreme Judicial Court said temporary alimony does not affect the length of general term alimony obligations.

Sometimes referred to as alimony or spousal support, represents payments of future income or earnings awarded by the court that one person gives to another to assist with daily living expenses to satisfy any financial obligations determined to came from the marriage prior to divorce.

But see Maccoby & Mnookin, supra note 27, at 11 (finding that no empirical studies exist to support the contention that divorcing husbands routinely use the threat of a custody fight to reduce or eliminate their alimony and child support obligations).

This neutral professional aids the team by providing un-biased financial evaluation of the couple's assets, liabilities and by determining alimony and child support obligations where appropriate.

In making an equitable apportionment of marital property, the family court must give weight in such proportion as it finds appropriate to all of the following factors: (1) the duration of the marriage along with the ages of the parties at the time of the marriage and at the time of the divorce; (2) marital misconduct or fault of either or both parties, if the misconduct affects or has affected the economic circumstances of the parties or contributed to the breakup of the marriage; (3) the value of the marital property and the contribution of each spouse to the acquisition, preservation, depreciation, or appreciation in value of the marital property, including the contribution of the spouse as homemaker; (4) the income of each spouse, the earning potential of each spouse, and the opportunity for future acquisition of capital assets; (5) the health, both physical and emotional, of each spouse; (6) either spouse's need for additional training or education in order to achieve that spouse's income potential; (7) the non marital property of each spouse; (8) the existence or nonexistence of vested retirement benefits for each or either spouse; (9) whether separate maintenance or alimony has been awarded; (10) the desirability of awarding the family home as part of equitable distribution or the right to live therein for reasonable periods to the spouse having custody of any children; (11) the tax consequences to each or either party as a result of equitable apportionment; (12) the existence and extent of any prior support obligations; (13) liens and any other encumbrances upon the marital property and any other existing debts; (14) child custody arrangements and obligations at the time of the entry of the order; and (15) such other relevant factors as the trial court shall expressly enumerate in its order.

The back - end ratio takes into account all of your monthly debt obligations: your expected housing expenses PLUS credit card bills, car payments, child support or alimony, student loans and any other debt that shows up on your credit report.12