When dividing two lives apart, divorce can sometimes be extremely difficult financially. Being awarded alimony can sometimes help to relieve this financial burden. The following is what you should know about divorce and alimony.
Sometimes one spouse relies heavily on their partner to support them, and divorce can be like pulling the ground out from under them. When a court decides that a couple has an obligation to support each other during a marriage, they can mandate that payments be made to the suffering party. Unlike child support, this is treated as income and is subject to tax deductions.
Each state has different laws surrounding this. Some require that a couple be married for a specific period of time for a payment order to be issued. In some places, it can only be paid for a certain amount of time, like half the amount of time the couple was married. Certain states have limitations on how much can be paid, whether it be a number or a percentage of income. Though there are very specific laws regarding this in many states, some still have very vague stipulations. In these states, the decision surrounding it is left largely up to the judge.
It is important to understand that there are almost no circumstances that cause a person to be exempt from payments once they have been court ordered. Even if the person required to pay files for bankruptcy, they are still responsible for making payments to their ex-spouse. If someone is delinquent in their payments, their ex-spouse can report them to a collection agency and they will then go into debt.
Alimony is often demanded from a spouse during a divorce. There are a lot of different laws when it comes to alimony payments. Understanding what you should know about divorce and alimony will help to have the most desirable result possible.
Article Source: Wes Hagan – www.EzineArticles.com
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