When you and your spouse have discussed divorce in depth, you may feel as if it is time to make the giant leap into a new life. However, you may also be concerned about how you will support yourself. In the midst of divorce, finances will be a lot different. What happens if your spouse… Continue reading →
Posts Tagged ‘alimony’
Receiving Spousal Support – The Duration Timeline
When you are in the midst of a divorce, spousal support may be one of the points of interest on your mind. Let’s say that you are somebody who has been out of the working world for quite some time – how will you survive financially on your own? To some extent, this is why… Continue reading →
Alimony Does Not Necessarily End Upon Retirement
Many people have the misconception that when they retire from their career, they no longer have to pay alimony to their ex spouse. This is not always the case, and before you stop your alimony payments you should research the matter in your own specific case. In divorce proceedings, mediated divorces, collaborative divorces, or negotiated… Continue reading →
How Long Does it Take to Receive Spousal Support?
Spousal support or alimony must be decided to be awarded to the spouse that either doesn’t have employment or doesn’t earn as much money as the other spouse and may not be capable of supporting themselves without some kind of financial assistance from the other spouse. Alimony is often awarded by the courts or sometimes… Continue reading →
Determining Factors: Spousal Support Payments
Spousal support refers to when one spouse transfers money or assets to another spouse after divorce. It may also be referred to as “alimony” or “maintenance.”The function of spousal support is to prevent a spouse from experiencing a decrease in standard of living after a divorce. Sometimes, one of the spouses has been out of… Continue reading →
Alimony & divorce
Alimony is also known as spousal support. Alimony, or the amount (in dollars, property, etc.) of spousal support that one spouse will provide to another during divorce or separation is determined by many factors that can include the length of the marriage, the support during the marriage, and is considered a continuation of that support… Continue reading →
When is the best time for filing for divorce?
The decision to end a marriage is one of the hardest decisions you’ll ever have to make. Are you asking yourself, “Should I stay together until my children are a little older, or should I make a clean break now?” It’s only natural that you want to diminish any hurt from the divorce. Is there… Continue reading →
Do men receive alimony?
In today’s world, women are not the only ones receiving alimony – more and more women are now paying their former husbands alimony. After a divorce, alimony has to be paid by one party to the other. This usually occurs where one spouse earns more than the other, particularly if the difference is significant. Often,… Continue reading →
3 Big Mistakes Men Make During Divorce
Going through a divorce is not an easy time for either a man or a woman. A recent AARP study showed that women initiate two-thirds of divorces. The following are mistakes that men make during the divorce process: Leaving the family home – means you will have less time with your children and will double… Continue reading →
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