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,...
Alimony
Can you for your ex-spouse to find a job?
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...
What a court considers in determining alimony
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...
What separates alimony and child support payments?
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...
Things you should know about alimony
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...
Changes in alimony could affect estate planning
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...
Understanding how a QDRO could affect you
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...
Can an ex-spouse collect Social Security and alimony together?
The short answer is yes; Rhode Island residents should know that their ex-spouses can receive both Social Security benefits and alimony at the same time. The Social Security Administration governs supplemental income for those receiving benefits. Some considerations...
Facts about palimony in Rhode Island
Many people are familiar with alimony, but do you know what palimony is? Palimony is often misunderstood, and it's often confused with alimony. If your relationship with your partner is ending and one partner requires financial assistance, you'll want to know whether...
Are alimony payments tax deductible?
Alimony payments are legal agreements between former spouses or still married spouses undergoing a long separation. When a couple divorces in Rhode Island, the spouse with a lesser income commonly receives these support payments. How alimony is determined Many...