Many people's standard of living worsens after a divorce. A divorce, especially for older couples where one spouse does not have the earning potential of the other, can be financially devastating. If you're preparing for a divorce, it is wise to familiarize yourself...
Alimony is still a popular part of going through a divorce in Florida. It is a form of spousal support where one spouse makes payments to the other as part of the terms of the divorce agreement. Today, we will answer some of the most commonly asked questions about...
Alimony might not be an easy subject for you and your former spouse. It's possible that the two of you do not agree on the amount being paid, even though it was determined by the court. You might think it's too low and your former spouse, who is making the payments,...
As you likely already know, alimony payments will not last forever. Alimony is considered rehabilitative for one of the spouses from a marriage that has ended in divorce. The payments will only last until the recipient obtains a job or earns a degree or learns a new...
Alimony payments are made monthly by one person to their former spouse based on an order issued by the court. Alimony payments will not last forever, which many recipients tend not to realize. Often, these are considered "rehabilitative" payments. They help one of the...
Being ordered to pay alimony to your former spouse is never an easy situation. You likely just want to be done with dealing with them since alimony is awarded when a couple gets divorced. It's important that you make the payments by their due date and do not fall...
Alimony is a term that the majority of people have heard and understand even though they might never receive it in their lifetime. This term becomes very important when you or your spouse files for divorce. Why? Because it's possible that alimony could be awarded in...
Receiving alimony is an important part of getting divorced, especially if you need it to pay for your insurance, rent, basic necessities and other items. It's also important that you properly report the alimony you receive on your annual tax return. Today, we will...
Receiving alimony payments from your former spouse in West Palm Beach can help your financial situation immensely. These payments will be made to you at a specified time and amount based on the decree provided by the court. The decree will not mandate how the money...
If your divorce isn't going to be final before the end of the year (or if you haven't begun the process yet) and alimony is part of it, you'll be facing the new rules established under the Tax Cuts and Jobs Act (TCJA) signed into law a year ago. For the first time in...
