Spousal support is when one
spouse provides financial support to the other who is in need of temporary monetary help.
This means that in - laws are dependents if the insured's
spouse provides financial support or care for them.
Not exact matches
A dependent of a member of the Armed Forces on active duty as described above is the member's
spouse, the member's child under the age of eighteen years old, or an individual for whom the member
provided more than one - half of his / her
financial support for 180 days immediately preceding today's date.
In Orlando, a
spouse is entitled to compensation for the loss of
financial support, the loss of companionship, the loss of love and the loss of the routine services that were typically
provided by the deceased.
The forensic accountant may calculate the parties» spending habits to
provide insight on amounts needed in future
financial support payments to maintain each
spouse's lifestyle (lifestyle analysis).
Today, spousal maintenance may be awarded to either
spouse if he or she needs
financial assistance, and the other is able to
provide such assistance; also, awards now tend to be temporary, lasting for a period of rehabilitation that enables the recipient
spouse to become self -
supporting.
State law obligates you and your former partner, or former
spouse, to
provide financial support for any children that you birth or otherwise adopt, until they reach the age of majority, 18 years old, or graduate from high school, whichever is later.
Alimony or Spousal
support is designed to help
provide you or your
spouse with
financial support after the conclusion of a marriage
Claims for distant father / mother who did not really
provide for their children or spend much time at home with them will be valued differently than a father who was close and
provided solid
financial support for the children and
spouse.
3) You must
provide financial support for a
spouse, or common - law or conjugal / sexual partner for three years from the date they become a permanent resident,
CPAs and
Financial Planners can be part of the collaborative team to amicably and efficiently help you and your
spouse to inventory and value property, determine income and budgetary needs for child
support and spousal
support, and
provide tax advice.
You will
provide your
spouse with the
financial statement and the
supporting documents.
Obviously if one expects the status quo to change shortly (for example, the other
spouse is threatening to stop
providing financial support or the other parent is threatening to remove the children from the state), filing such motions is advisable even if the status quo is acceptable.
The Arizona Court of Appeals pointed to the Arizona Supreme Court» s ruling in Schroeder v. Schroeder, which held the purpose of spousal maintenance is to help both former
spouses achieve
financial independence by
providing support from one
spouse to the other
spouse in such amount and as for as such time as reasonably needed to enable the other
spouse to obtain the education, training, and experience to
support themselves.
As a result, we
provide skillful legal representation for
spouses seeking alimony or spousal
support to help them through the
financial difficulties brought on by the dissolution of their marriage.
Civil partners are
provided with the full range of
financial applications that are available to
spouses including Orders relating to property,
financial support and pension sharing.
Alimony is a regular payment one
spouse makes to the other
spouse to
provide financial support during and / or after a divorce.
If you feel that
providing spousal
support would be a
financial burden for you, there are legal protections to ensure that neither
spouse is made to pay
support unfairly.
Also, the exchange of
Financial Statements long before a court date will allow the parties» respective lawyers to
provide accurate legal advice on matters such as the range of child or spousal
support that may be owed from one
spouse to another; this can reduce or even eliminate the time that a court would have to spend determining the issue.
While life insurance is most commonly used to
provide financial support for your
spouse and dependents after you die, there are other reasons to have own a policy.
You might also get married and start a family at a later date and will need to
provide financial support for your
spouse and dependent children.
Sagicor offers Term Life Insurance so you can
provide protection for those who count on you for
financial support — whether it's a
spouse, children, grandchildren, elderly parent, business partner or special needs adult.
In most cases where both
spouses work, the family depends on the income of both parents to
provide financial support.
Term life insurance is meant to help
provide financial support for your
spouse, children, or other loved ones whom you designate in the event of your death for a specified period of time, or «term.»
Term insurance can
provide coverage while people depend upon the insured person's income and
support, but for people who live until their retirement, chances are they either accumulated enough savings already to
support their
spouse, and / or their children are grown and no longer need parental guardian
financial support.
That means, your family,
spouse and children, will receive full coverage amount, which will
provide them life - long
financial support.
The thought goes against the grain of the concept of why we carry life insurance in the first place — to protect the family provider, the main breadwinner, or a
spouse who
provides caregiving services in the household — should they die and leave the family without
financial support.
MSAN
provides information on resources, benefits, education and career opportunities, deployment & reintegration
support, guidance for new military
spouses,
financial resources, and health & wellness.
In a legal separation, the
spouses divide the assets and liabilities,
provide for the custody of children, and set up
financial support payments, but remain married in the eyes of the law.
The
spouse who
provides financial support is known as the obligor whereas the
spouse who receives it is known as the obligee.
For example, a
spouse's gross neglect can be grounds for divorce, but the filing
spouse must prove the other
spouse failed to meet his spousal obligations of respect, fidelity and
support, which may be evidenced by a failure to
provide financial or emotional
support, or engage in sexual relations.
When
spouses divorce in Wyoming, they remain responsible for
providing financial support for their children.
When
spouses with children divorce, one parent will have primary custody of the children and the other parent will usually be required to pay child
support to
provide financial assistance to the custodial parent.
Alimony, called spousal maintenance in Missouri, is
financial support provided by one
spouse to another after a divorce...
Further, there is oftentimes a neutral
financial professional who streamlines the process of ensuring that each
spouse can make an informed decision on
financial matters,
provides options on
support and distribution of assets and debts that are specifically tailored for the family's needs, and helps ensure that both
spouses are on firmer
financial footing once the divorce is finalized.
If you and your
spouse own a business together, or if you have a lot of investments together, the Collaborative Process will
provide you with a deeper level of
financial support.
For example, If your
spouse says, «I will give you extra help [financially] whenever I can,
provided I can,» you have no legal guarantee of receiving
financial support under those terms; specific amounts and periods of
support must be properly set forth in the Property Settlement Agreement.
The other
spouse worked to
provide the family with
financial support.
In many cases of divorce, one of the
spouses will be ordered by the court to pay child
support or
provide financial assistance to the other
spouse.
The law
provides a way to deal with these situations and allows the
spouse who needs
financial help to receive spousal
support.
A temporary, formal agreement approved by the court that recognizes the separation between
spouses and
provides for spousal maintenance or
financial child
support.
A
spouse, parent or adult interdependent partner must
provide their current
financial information as long as a
support order is in place.
Through this, the
financial professional can
provide practical and realistic options for dividing the marital estate and (when necessary) creating a
support plan, leading to a
financial resolution that both
spouses can live with after the divorce.