No one starts a marriage thinking of divorce. But if the decision must be made, spouses serve themselves well to understand the environment of laws and obligations around ending a marriage. How easy is it to get divorced in Rhode Island? The Ocean State is generally...
Alimony
Women are increasingly paying their husbands alimony
We often hear of women paying alimony to their ex-husbands only when they are extremely wealthy. For example, earlier this year it was reported that "Modern Family" star Julie Bowen's estranged husband was seeking support from the actress, who earns somewhere around...
How does retirement impact alimony?
When a person is ordered or agrees to pay alimony (spousal support) as part of a divorce, the amount and time frame are designated. Of course, changes to the financial situation of one or both of the former spouses may be grounds for modification of the original...
New tax law affects alimony payments
The new tax law was signed in late December 2017 and will affect taxpayers both positively and negatively in 2018. For those who go through a divorce in the coming year, one change is worth noting before filing taxes. The Tax Cuts and Jobs Act eliminates many itemized...
What’s the future of proposal to eliminate alimony deduction?
The U.S. House of Representatives has passed its version of the tax reform bill that was supported by most of its Republican members. It has now moved to the Senate. The Senate's current version of the bill, however, contains some significant differences. The House...
Requirements for tax-deductible alimony payments
If your divorce agreement requires you to pay alimony to your ex-spouse, one good piece of news is that it's likely tax deductible for you. However, the Internal Revenue Service (IRS) has specific requirements for alimony payments to be deductible. These requirements...
Various factors go into alimony support orders
One of the factors that is present in some divorces, but not all, is the possibility of spousal support. There are many different considerations that go into the order for these payments. Whether you are the party requesting the support or the party who might have to...
How to ensure that your alimony payments are tax deductible
If you are going to be paying alimony as part of your divorce agreement, it's essential to understand how the Internal Revenue Service (IRS) views alimony and how you can make the most of the tax deduction you can receive for these payments. Alimony payments are...
What You Should Know When Seeking Alimony
Getting divorced is widely considered to be a stressful process, to say the least. Not only does the entire process trigger painful emotions, but it also requires an in-depth review of marital property intended for fair property division. If you have been a...
FAQ: Receiving spousal support/alimony
Nearly every aspect of divorce is stressful or emotionally draining in some form or another. If you have been unemployed, underemployed, or a stay-at-home parent for a while, one overwhelming aspect of divorce might be how you will provide for yourself and/or your...