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PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us via telephone or through video conferencing. Please call our office to discuss your options.
Alimony is a legal obligation for one spouse to provide financial support to their former spouse after a divorce. It can affect various aspects of a Rhode Island divorcee's financial life, including their ability to qualify for a mortgage. Income considerations...
Tax season tis a stressful time for many people. This is particularly so if you've been through a divorce and need to know how you should report alimony payments. The answer isn't the same for everyone, and the main factor is when your divorce happened. Was your...
There was a time when nonworking spouses in Rhode Island and around the country could expect to receive alimony for prolonged periods or even permanently after a divorce, but this type is rarely awarded today. Instead, spousal support is usually awarded for as long as...
One of the most important aspects of getting a divorce is settling on an alimony agreement. Unfortunately, failing to understand how alimony works can result in an unfair agreement, and that's why you need to keep these issues in mind. The meaning of alimony Alimony,...
Getting a divorce can create financial anxiety in many people, especially if make more money than your ex-spouse. Most divorces in Rhode Island only award alimony on a temporary basis. When does Rhode Island grant temporary alimony? In most cases, alimony awarded by a...
When a couple in Rhode Island goes through a divorce, one person may be required to pay alimony to the other. The court takes a number of factors into account when determining whether there should be alimony, how much it should be and how long it should last. Length...
In the state of Rhode Island, individuals may be entitled to alimony and child support as part of a final divorce settlement. Whether you are entitled to receive these types of assistance depends on a number of factors unique to your own case. Let's take a look at the...
When a couple in Rhode Island goes through a divorce, one spouse may experience a drastic financial setback. For example, a stay-at-home parent may be unprepared to suddenly lose the financial support of the working spouse. In situations like this, the issue of...
Alimony, or spousal support, is a factor in many divorces in Providence, Rhode Island. The IRS shows that people received over $10.4 billion and paid over $12.6 billion in 2016. Until 2017, alimony was tax-deductible to the payer and taxable to the recipient. Tax...
Deciding how to distribute financial assets in a Rhode Island divorce proceeding can be complicated for some couples. One specific common issue with dividing assets is when one spouse has a significant retirement account. Contributions to the account for the duration...
