Alimony, also known as spousal support, is a court-ordered payment made by one former spouse to the other after a divorce. Alimony is often awarded to help the recipient maintain a standard of living similar to what they had during the marriage. Alimony agreements can be modified under certain circumstances, but it's important to understand… Continue reading Modifying an Alimony Agreement: What You Need to Know

Alimony, also known as spousal support or maintenance, is a legal obligation that one spouse may have to provide financial support to the other after a divorce. The duration of alimony payments varies depending on several factors, such as the length of the marriage, the income of each spouse, and the earning capacity of the… Continue reading Understanding Alimony: How Long Do You Have to Pay?

Divorce is a difficult process that can have many financial implications, one of which is alimony. Alimony, also known as spousal support, is a payment made by one former spouse to the other to provide financial assistance after the marriage has ended. While the recipient of alimony must report it as income and pay taxes… Continue reading Understanding Alimony Tax Deductions for Payers

Alimony, also known as spousal support, is a legal obligation in which one spouse provides financial support to the other spouse during or after a divorce. The purpose of alimony is to ensure that the dependent spouse is not left in a financially vulnerable position after the end of a marriage. Alimony payments can be… Continue reading Alimony: Understanding Its Definition and Determination

When a couple gets divorced, one of the most contentious issues they may face is the question of alimony, or spousal support. Alimony is the payment that one former spouse makes to the other to help maintain their standard of living after the divorce. This can be a significant expense, especially if the couple was… Continue reading The Consequences of Not Paying Alimony: What You Need to Know