Alimony is a sensitive and stressful issue with both sides often disputing what may be owed under the law. For spouses who may have limited education or job skills, or who left the workforce to raise children, it can be particularly difficult. They don’t want to be penalized because they made less money during the […]
Effective January 1, 2019, new federal tax laws go into effect which significantly impact alimony. Under long-standing tax law, alimony has been tax deductible for the person paying it and taxable income for the person receiving it.
When filing for divorce, a party must identify the underlying basis, known as a cause of action, to justify why he/she is entitled to a divorce. These causes of action include both “fault” and “no fault” grounds. Historically, the only “no fault” cause of action was eighteen months separation, while the “fault” based actions included […]
As painful as divorce is emotionally, the financial aspects can be just as traumatic as the parties face uncertainty regarding their economic situation. Alimony or spousal support is hotly contested in many divorces especially since judges have substantial discretion in awarding it. Similarly, how money, property and debts will be split in equitable distribution is […]