Alimony

Alimony

Alimony, also called spousal support or maintenance is a payment that one spouse has to make to the other after getting a divorce. In most marital arrangements, one partner earns less than the other or is dependent on the other entirely for financial resources.

If a couple chooses to get a divorce, the dependent partner without their (former) partner’s financial assistance, will have to face major financial crisis or lifestyle degradation. To prevent this from happening, state laws have made a provision for the financially dependent partners, called alimony.

Financially dependent partner is entitled to receive support from their former partner either till they get back on their feet and become independent, or in some cases, forever.

Learn more about spousal support and alimony in this section.

Who is Eligible to Claim Spousal Benefits?

Who is Eligible to Claim Spousal Benefits?

Who is Eligible to Claim Spousal Benefits? The basic answer to this question is obvious.  The spouse gets to claim …

3  min read

Divorcing Couples - Impact of 2018 Tax Code Changes on Alimony

Divorcing Couples – Impact of 2018 Tax Code Changes on Alimony

If your divorce is executed after December 31, 2018, alimony will no longer be deductible in your federal taxes if …

By David Fenton

Public accounts, Certified Public Accountant| 4  min read

Divorce is expensive and financially challenging

Is There a Difference Between Alimony and Spousal Support?

Alimony and spousal support have identical meanings and can be used when referring to payments by a spouse to the …

3  min read

payment

How High Are Typical Alimony Payments?

Alimony payments are very hard to generalize.  President Trump is reportedly paying $350,000 per year in alimony to his ex-wife …

3  min read

Who Pays Alimony

Who Pays Alimony?

Just in the last few years, the U.S. Census Bureau determined that only about three percent of men nationwide receive …

3  min read

The Smart Ways to Get Out of Paying Alimony.

The Smart Ways to Get Out of Paying Alimony

Of course, the simplest way to avoid taking on another adult as your effective dependent for life is not to …

5  min read

What Is Permanent Alimony

What is Permanent Alimony?

“Permanent” sounds so, well, permanent—unchangeable. And in the case of alimony, also known as spousal support or spousal maintenance, “permanent” …

3  min read

How Can I Get Out Of Paying Alimony

How Can I Get Out Of Paying Alimony?

If the circumstances of your marriage and divorce fall within specific parameters, you may be unable to escape paying alimony …

3  min read

How Is Spousal Support Determined?

When a married couple gets a divorce, depending on the economic condition of the lower earning spouse, the court may …

3  min read

Spousal Support FAQs

Q 1: What is spousal support / alimony? Spousal support is also known as Alimony. The laws that surround spousal …

3  min read

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