Tag Archive for: alimony

Want to Beat the New Alimony Tax Law? Finalize Your Divorce By Year’s End

If you and your spouse have made the decision to divorce, but haven’t yet taken any legal steps yet to end your union, there’s one big reason why getting your divorce wrapped up this year is crucial. Read more

New Tax Law: If You Wait To Divorce, Alimony You Pay WON’T Be Tax Deductible 

new alimony tax rule

It’s official: Congress has passed the most sweeping tax overhaul in decades. The expansive tax code changes will impact taxpayers of all walks of life, including a very big tax implication for divorcing spouses who pay or receive alimony.

What will change?   Read more

Modifying Your Alimony: Are You Paying Too Much?

spousal supportHas something significant recently changed your financial circumstances, such as a drastic and involuntary reduction in your income? Or, have you recently learned that your ex-spouse has gotten a substantial raise or a much higher-paying job? These types of situations can lead a person paying alimony, now more commonly known as spousal support, to wonder if they’re now paying too much. And, if you do believe that you should have your spousal support reduced, how do you go about getting that reduction approved by a judge? Read more

3 Tips for Negotiating Alimony

alimony negotiationsAlimony is financial support that is given by one spouse to another in a divorce. How much spousal support is paid and for how long depends on several factors including length of the marriage and the income of both spouses. If you find yourself in the midst of a divorce and know that you will need some financial assistance from your soon to be ex, here are some tips to help you successfully negotiate the support that you deserve. Read more

Preparing for Divorce: How to Assess What You Really Want

deciding to divorceAre you preparing for divorce in the near future? No matter where you find yourself in the process, be it contemplating filing for divorce, or facing a full-blown divorce trial, it is critical to ask yourself, what is most important to you? Hopefully, the issues that you and your spouse have are few and that, most importantly, you two are ready, willing and able to negotiate in order to come to the most reasonable decision possible.

Crafting your own agreement and coming up with your own parameters to settle your divorce matter leads to greater freedom for your entire family now and into the future. But, how do you know what is really most important to you? What can you not live without? What is negotiable? Take some time to sit down and consider what is truly worth fighting for in your divorce. Read more

New Court Ruling Could Change What Happens To Alimony When A Paying Spouse Accepts A Lower Paying Job

questions about alimonyYour former spouse was ordered to pay you alimony at a rate of $400 per week for eight years. You and your ex, with the help of your attorneys, arrived at and agreed upon this figure based on your salaries at the time you divorced. It’s now five years into your agreement and your ex just lost the job used to calculate this amount. He’s landed another position in the same industry, but the salary is lower. Because your former spouse is now earning less, he files a motion with the court asking that your alimony payments be reduced.

Is this fair? Read more

What You May Not Know About Alimony In New Jersey

questions about alimonyGoing through a divorce and need to make decisions about alimony? Here are some facts that you may not know about alimony and how it is dealt with in New Jersey Family Courts: Read more

Lessons Learned From The Johnny Depp And Amber Heard Divorce

Johnny Depp & Amber Heard Divorce

Image copyright Jean_Nelson, Depositphoto.com

Making headlines this week has been the celebrity divorce of Amber Heard and Johnny Depp. Heard filed for divorce from Depp last Monday, citing irreconcilable differences and seeking temporary spousal support, which she was denied. On Friday, the divorce took an explosive turn when it emerged that Heard had been granted a temporary restraining order against Depp. In court papers, she claimed Depp had been violent towards her on several occasions during their 15-month marriage, including an incident the weekend before she filed for divorce in which Depp allegedly struck her in the face with a cell phone. Charges in the matter have not been filed. Read more

Want to Stop Paying Alimony Because Your Ex is Living with Someone? You Better Have Proof

Depositphotos_87970508_originalWhen does dating rise to the level of the legal ground for terminating or suspending alimony known as “cohabitation“? And what kind of evidence can prove that a spouse has entered into this deeper kind of relationship? A new court case takes a look. Read more

Cohabitation and Alimony in New Jersey: The Quinn Case

cohabitation & alimony concernsSince New Jersey enacted the Alimony Reform Act in 2014, an ex-spouse no longer has to be living full-time in the same home with another person to be considered by the court to be “cohabiting” with that person. Prior to the Act, many divorced people would act as though they were married to their new partner, but would stop short of actually moving in with that person full time, in an attempt to keep their alimony. Now, a divorced spouse does not need to be living with a new boyfriend or girlfriend on permanent, full-time basis to have their alimony stopped. Read more