Modifying Your Alimony: Are You Paying Too Much?
Has 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
Your 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.
