|
| |
| | CATHOLIC ENCYCLOPEDIA: Alimony |
 | | The courts in the several states having jurisdiction to award alimony in matrimonial cases and the circumstances under which it may be awarded are to be ascertained from the constitution, the statutes, and the decisions of the courts of each state. | | | In the common legal sense of the word, alimony is the allowance which by order of the court a husband pays to his wife for her maintenance while she is living separately from him, or the allowance or provision ordered by the court to be paid by her former husband to a divorced woman. | | | Non-payment by the husband subjected him to excommunication, a judgment of the ecclesiastical court which the executive department of the civil government enforced through its officer, the sheriff, to whom was issued the writ de excommunicato capiendo, reciting that "potestas regia sacrosanctæ ecclesiæ in querelis suis deesse non debet" (Registrum omnium brevium, 65). |
|
http://www.newadvent.org/cathen/01313a.htm
(638 words)
|
|
| |
| | Alimony |
| | Although alimony can be ordered at the time of the final divorce -- the court also has the power to order alimony at any time thereafter if it was not made a part of the divorce decree. | | | No order for alimony can be entered by the court if one of the parties is not subject to "personal jurisdiction" within the Commonwealth. | | | Alimony may be ordered for any length of time, depending upon the circumstances of a particular case. |
|
http://www.murrayesq.com/alimony.htm
(1115 words)
|
|
| |
| | Alimony |
| | Florida courts may grant alimony in a dissolution to either party. | | | Alimony is the support paid by one spouse to the other after the marriage has been dissolved by the court. | | | The court is required to consider the standard of living established during the marriage, the duration of the marriage, the age and health of the parties, the financial resources of the parties, the time necessary to become fully employed, the contribution of the parties to the marriage, all sources of income available to each party. |
|
http://www.floridalawguys.com/alimony.htm
(340 words)
|
|
| |
| | Alimony |
| | Alimony is also provided for in provincial domestic relations statutes such that a person does not have to rely only on the Divorce Act to claim spousal support. | | | Support, originally called "alimony," was paid when parties where married, and after divorce was referred to as "maintenance." Today these terms are blurred and have been replaced with the term "support." It is to be noted that such payments only went one way: from the husband to the wife. | | | In a divorce action, in which the vast majority of support applications are made, the rules determining support automatically follow the provision of the Divorce Act (Canada) 1985 and conduct is excluded as a consideration. |
|
http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0000144
(814 words)
|
|
| |
| | Alimony: You are the Weakest Link! |
| | In order to gain an understanding as to perceptions of alimony awards from court to court or even from attorney to attorney, a hypothetical was distributed to judges and attorneys throughout the state, based on a divorce scenario. | | | Only the issue of alimony remains completely unpredictable and inconsistent from court to court. | | | The origins of alimony, as we know it in the United States, can be traced back to the ecclesiastical courts in England. |
|
http://www.judgegaston.com/alimony___you_are_the_weakest_.html
(1477 words)
|
|
| |
| | Tax Analysts: Free Bulletins: Individual Income Taxes: Alimony Deduction |
| | Because Pat's payments under the 1989 judgment were made to extinguish his obligations to pay alimony arrearages and future alimony, the court said, the lump sum alimony payments that he made are treated as payments in satisfaction of unpaid and accrued alimony to the extent of those arrearages. | | | For those reasons, the Fifth Circuit stated, the district court was correct in holding that the payments constituted lump sum alimony, and because the obligation to pay lump sum alimony doesn't terminate at the death of the payee spouse, the court correctly found that the payments are not deductible under section 215(a). | | | One characteristic of lump sum alimony, the court stated, is a specified duration of time for the payments, after which the obligation ceases. |
|
http://www.taxanalysts.com/www/tadiscus.nsf/Archives/EF4DD997387421EC852562D1007367CF?OpenDocument
(1461 words)
|
|
| |
| | North Carolina Divorce and Alimony - |
| | Alimony under court order is payable as either a lump sum or in the form of periodic payments, for a specified or an indefinite term. | | | By contrast, the language of the alimony statute requires an award of alimony in cases where the court finds an alimony award to be equitable. | | | Both the old alimony law and the new law use financial dependency as a primary criterion in setting the amount and term (duration) for alimony. |
|
http://www.rosen.com/ppf/ID/21/big.asp
(1511 words)
|
|
| |
| | Alimony |
| | Alimony also comes up in a marriage of any length if one party is unable to work and may be forced onto public assistance in the absence of an alimony award. | | | Whether or not alimony should be paid to one spouse by the other is often one of the more difficult issues to resolve in a divorce dispute. | | | Alimony is more likely to be an issue in a long-term marriage where the earning capacity of one spouse is significantly lower than the earning capacity of the other. |
|
http://www.bolgenlaw.com/alimony.htm
(364 words)
|
|
| |
| | Untitled Document |
| | Alimony can be withheld from the paying parties paycheck or the party can be ordered to pay the money to Support Enforcement who will distribute it to the other party. | | | In order to obtain alimony, there has got to be a need for assistance on the part of the requesting party and an ability to pay alimony on the part of the other party. | | | As with child support, the Court can award temporary alimony until the final divorce hearing is held, at which time a permanent alimony amount may be ordered. |
|
http://www.floridadivorce.com/divorce_topic/alimony.htm
(417 words)
|
|
| |
| | Alimony |
| | (1) In a proceeding for dissolution of marriage, the court may grant alimony to either party, which alimony may be rehabilitative or permanent in nature. | | | (3) To the extent necessary to protect an award of alimony, the court may order any party who is ordered to pay alimony to purchase or maintain a life insurance policy or a bond, or to otherwise secure such alimony award with any other assets which may be suitable for that purpose. | | | In any award of alimony, the court may order periodic payments or payments in lump sum or both. |
|
http://www.famlawboca.com/Alimony.htm
(2976 words)
|
|
| |
| | [No title] |
| | The level of alimony can be determined by written agreement and submitted to the court for a stipulated order. | | | Usually it is paid by the male to his ex, but in some cases a wealthy woman may have to pay her husband, or, in same-sex relationships the "breadwinner" may pay to support his/her stay-at-home former partner. | | | Payment of alimony is usually limited in time based on the number of years of marriage. |
|
http://dictionary.law.com/definition2.asp?selected=2385&bold=
(189 words)
|
|
| |
| | Alimony under Michigan Law |
| | The question as to whether alimony is modifiable turns on whether the court determines it is alimony in gross or periodic alimony. | | | As the Bonfiglio Court stated, the Circuit Court has the authority to modify an alimony award upon a showing of a change in circumstances, but not when the alimony is alimony in gross, absent a showing of fraud. | | | Under those circumstances, we conclude that the trial court properly declined to award plaintiff further alimony.” The last paragraph is interesting in that the Court stated that although the parties may have intended periodic modifiable alimony, it was for a limited time and thus would not be modified. |
|
http://www.cvalaw.com/articles/divorce/alimony.htm
(957 words)
|
|
| |
| | The Basics of Alimony |
| | When an alimony recipient's income increases, her ex-spouse may file with the court a request for modification of the alimony, claiming that the changed circumstance means his ex-spouse needs less alimony. | | | It permits an ex-spouse who is owed alimony to collect it by using the court in her state to enforce her alimony order against her ex living in another state. | | | AGREEMENT TO MODIFY ALIMONY After a final decree of divorce is filed with a court, former spouses may agree to modify the alimony terms. |
|
http://www.lectlaw.com/files/fam18.htm
(3562 words)
|
|
| |
| | Alimony spousal support maintenance |
| | Alimony is the amount of money one spouse pays to the other, by court order, for support and maintenance. | | | Alimony is awarded to either spouse in an effort to maintain the standard of living that both parties were accustomed to during the marriage. | | | Permanent: This type of alimony is to be paid until either the death of the payor of the remarriage of the recipient. |
|
http://www.divorcehq.com/alimony.html
(666 words)
|
|
| |
| | Making a Claim for Alimony |
| | A court can award this type of alimony between the time you file for divorce (and make a request for alimony) and the time the divorce is final. | | | The purpose of this type of alimony is to maintain the status quo during the divorce. | | | As a result of Maryland’s equal rights amendment, either a husband or a wife in a marriage may be required by the court to pay alimony. |
|
http://www.peoples-law.com/Family/divorce/alimony/alimony_making_a_claim_for.htm
(1077 words)
|
|
| |
| | Alimony |
| | The amount of alimony to be awarded is a matter for the trial court's discretion in view of the particular circumstances of the case, and the appellate courts are not inclined to alter the awards except where the record reflects that such discretion has been abused. | | | A court can look at most of the same factors considered in dividing the property, but in the case of alimony the court can consider who was at fault in the marriage, as well as who took care of any children of the marriage. | | | Alimony ends as soon as the party getting it remarries, and courts usually end it as soon if the party getting it begins living with someone of the opposite sex. |
|
http://www.jesbeard.com/3d.htm
(927 words)
|
|
| |
| | PA Legal Services.com - Pittsburgh Alimony & APL Lawyer - Spousal Support Attorney in Pittsburgh |
| | Alimony Pendente lite (commonly APL) is Alimony given during the pending litigation. | | | The marital misconduct of either of the parties from the date of final separation shall not be considered by the court in its determinations relative to alimony, except that the court shall consider the abuse of one party by the other party | | | (f) Status of agreement to pay alimony.-Whenever the court approves an agreement for the payment of alimony voluntarily entered into between the parties, the agreement shall constitute the order of the court and may be enforced as provided (omitted). |
|
http://www.palegalservices.com/alimony.asp
(735 words)
|
|
| |
| | alimony |
| | In all cases the need for and amount of alimony are questions that can be reopened at any time in a court having jurisdiction over the parties. | | | Appellate court trends in permanent alimony for "gray-area" divorces. | | | Remarriage of the individual collecting alimony does not necessarily terminate payments, but the amount may be reduced or the court may cut them off if the recipient's new spouse can support him or her adequately. |
|
http://www.infoplease.com/ce6/society/A0803348.html
(374 words)
|
|
| |
| | Texas Alimony -Spousal Maintenance Information |
| | A Houston divorce lawyer is important in trying to obtain alimony because of the necessity to prove the limited scenarios in a narrowly focused aspect of divorce law. | | | The most a judge can order for alimony is either $2500.00 a month or 20 percent of the paying spouse's average monthly gross income, depending on which is the lesser amount. | | | Even if a judge orders alimony, there are still limitations to what a person can receive and the timeframe they will receive payments for. |
|
http://www.divorcelawyerinhouston.com/alimony
(430 words)
|
|
| |
| | LSNJ LAW - About Alimony |
| | Alimony may be awarded to either party in a divorce action. | | | Either party may apply to the court after the divorce to adjust the amount of alimony where there is a change in the parties’ circumstances. | | | In deciding whether or not to award alimony, the court should consider a number of factors. |
|
http://www.lsnjlaw.org/english/family/aboutalimony.cfm
(455 words)
|
|
| |
| | "Alimony" Defined & Explained |
| | Alimony is granted in proportion to the wants of the person requiring it, and the circumstances of those who are to pay it. | | | It includes education when the person to whom alimony is due is a minor. | | | The 'Lectric Law Library's Legal Lexicon On ALIMONY - Also called maintenance or spousal support. |
|
http://www.lectlaw.com/def/a038.htm
(319 words)
|
|
| |
| | Overview of Alimony |
| | Either party may be required to pay to the other party "alimony" Alimony is not limited to payments to the wife by the husband. | | | Alimony is a series of payments from one spouse to the other as a consequence of a divorce. | | | Unless both parties waive their rights to alimony in the Separation Agreement, the court can re-open the question in the future if one party asks and there is a change in material circumstances. |
|
http://www.mylawyer.com/familylaw/alimony/overview.htm
(405 words)
|
|
| |
| | Alimony in Connecticut |
| | Bibliographic resources relating to joint duty to support spouse or party to a civil union as basis for awarding alimony. Also, liability of one spouse or party to a civil union for purchases and contracts made by other spouse or party to a civil union. | | | Bibliographic resources relating to the grounds and procedures used for applying for and extending alimony pendente lite (temporary alimony while court proceeding is pending). | | | In making an order for alimony pendente lite the court shall consider all factors enumerated in section 46b-82, except the grounds for the complaint or cross complaint, to be considered with respect to a permanent award of alimony. |
|
http://www.jud.state.ct.us/lawlib/Notebooks/Pathfinders/alimony/alimony.htm
(4373 words)
|
|
| |
| | CNN.com - Can an adulterer receive alimony? - May 5, 2005 |
| | The appeals court refused James's request to raise the amount of alimony: "[H]is marital indiscretions," it held, "warrant consideration in the amount of that award." It thus relied on his misconduct to uphold the alimony award, although the trial court had actually not taken it into account. | | | These overlapping legal regimes of criminal and tort law may well be better suited to considerations of misconduct than divorce law is. Yet, it is the divorce court that has the parties before it, at a given time, and must make a decision. | | | Here, since the trial court had not relied on marital fault in assessing alimony, the Supreme Court only remanded the case to the intermediate appellate court - to see if it would still uphold the trial court's award without its own consideration of fault. |
|
http://www.cnn.com/2005/LAW/05/05/grossman.adultery.alimony
(2275 words)
|
|
| |
| | Alimony |
| | The term alimony refers to a legal obligation imposed on one divorced spouse to make monetary payments to the ex-spouse. | | | If a spouse is obligated to pay both alimony and child support under a decree but pays less than the total monthly amount due, the payment made is first applied to satisfy the child support obligation. | | | Note: All references to alimony under a divorce decree also apply to separate maintenance payments under a separation agreement. |
|
http://www.cookco.us/alimony.htm
(968 words)
|
|
| |
| | Alimony |
| | Although in some cases there may be an award of limited-term alimony, a more likely approach by the judge, however, would be to grant an open-ended award of alimony, reviewable by the court upon a motion alleging grounds for modification, namely, a substantial change of circumstances since the date of the original court order. | | | The law give the judge the power to order alimony on a periodic basis -- which is usually the case, i.e., in a monthly sum paid directly to the claimant or paid through the Clerk of Superior Court. | | | At a later time, the court would hear the claim for alimony, perhaps after the divorce of the parties or after their equitable distribution case had been decided. |
|
http://members.aol.com/msulli5553/download/alim34.html
(1960 words)
|
|
| |
| | Divorce and alimony - Equality in Marriage Institute |
| | Limited duration or term alimony is paid over a specific time period or number of years and is based on the length of the marriage, dependent spouse's needs and the needs of minor children. | | | According to Gayle Rosenwald Smith a Philadelphia Lawyer, alimony is awarded in only 15 percent of divorce cases. | | | If your judgment does not provide for alimony, most states will not permit you to ask for it after the divorce unless the agreement specifies otherwise. |
|
http://www.equalityinmarriage.org/wdali.html
(732 words)
|
|
| |
| | alimony |
| | The law permits a court to modify the amount of the alimony award, but not the length of the term, except in extraordinary circumstances. | | | Like permanent alimony, limited duration alimony may be modified upon a showing of changed circumstances. | | | It amended the divorce statutes to permit "limited duration" awards in addition to permanent, rehabilitative, and reimbursement alimony. |
|
http://www.wellslaw.com/alimony.htm
(455 words)
|
|
| |
| | Alimony |
| | Although alimony (also known as spousal support) is generally out of fashion with most divorce courts, it is still afforded favorable treatment by the IRS. | | | And property transfers from one spouse to another either during a marriage, or transfers within one year after the divorce or pursuant to a divorce or separation agreement, are not taxable events for either party. | | | John is required by the divorce decree to pay Mary $1,000 a month in alimony. |
|
http://taxguide2002.completetax.com/text/c60s10d711.asp?style=8
(338 words)
|
|
| |
| | Alimony in Divorce |
| | These differ from state to state, of course, but they usually involve things like the parties' relative ability to earn money, both now and in the future; their respective age and health; the length of the marriage; the kind of property involved, and the conduct of the parties. | | | In general, about the only time a judge will award alimony in most states is where one spouse has been economically dependent on the other spouse for most of a lengthy marriage. | | | In order to constitute alimony, there are several requirements that you have to satisfy. |
|
http://www.divorceinfo.com/alimony.htm
(669 words)
|
|
| |
| | Alimony Reform - Articles |
| | Lindsey says the Martin County courts have refused his requests for further adjustments to his alimony payments and that both the 4th District Court of Appeal in West Palm Beach and the Florida Supreme Court have refused to hear appeals of the lower court rulings. | | | The suit contends that the state's alimony statute violates the gender equality language of Article I, Section 2 of the state constitution. | | | Lindsey believes his case is representative of the courts' failure to evaluate claims of undue burden and financial hardship on the part of those who pay alimony. |
|
http://www.alimonyreform.org/articles/Lindsey-alimony-suit.htm
(1597 words)
|
|
| |
| | Tax Topics - Topic 452 Alimony Paid |
| | Alimony payments you make under a divorce or separation instrument, such as a divorce decree or a written agreement incident thereto, are deductible if all of the following requirements are met: | | | This topic covers alimony under divorce or separate maintenance decrees or written separation agreements entered into by you and your spouse or former spouse after 1984. | | | If you don't, you may have to pay a $50 penalty and your deduction may be disallowed. |
|
http://www.irs.gov/taxtopics/tc452.html
(407 words)
|
|
| |
| | DivorceNet - Spousal Support/Alimony FAQ's |
| | Periodic alimony is modifiable by the Court if the party seeking the modification can show a material change in circumstances. | | | You can enforce the alimony award by filing a petition to have your spouse held in contempt of court for failing to pay alimony. | | | The Court may consider the retirement funds when making an alimony award. |
|
http://www.divorcenet.com/states/alabama/al_faq06
(352 words)
|
|
| |
| | Alimony -- Britannica Student Encyclopedia |
| | Alimony has traditionally been granted from husbands to wives but has occasionally been granted from wives to... | | | If it does nothing more than declare legal rights, as is true of a simple divorce decree (merely severing marital ties, not awarding alimony or the custody of children) or a declaratory judgment (for example, interpreting a contract or a statute) no enforcement is needed. | | | Includes access to resources on child custody and support, visitation, parenting, domestic violence, separation, alimony, spousal support, statutes, and laws. |
|
http://www.britannica.com/ebi/article-9316067?tocId=9316067
(411 words)
|
|
| |
| | Mississippi Alimony |
| | Modification may be made only upon an order of the Court and not by the parties alone. | | | After the Court addresses division of marital property, it next considers the issue of alimony. | | | On considering whether to award alimony, the Court evaluates the following twelve factors: |
|
http://www.davidwaldrop.com/mississippi_alimony.htm
(337 words)
|
|
| |
| | Alimony |
| | Divorce, Marriage, Alimony Law and Lawyers, Lawyer and attorney, Attorneys | | | Divorce, Marriage, Alimony Lawyers, Attorneys and Law Firms. | | | Divorce, Marriage, Alimony Lawyers, Attorneys and Law Firms |
|
http://www.singleparentonline.com/57.htm
(211 words)
|
|
| |
| | The Alimony, Divorce and Family Law Inequity Center: Report - Fight Back!! |
| | The procedures I used are ones that challenge the Constitutionality of the present alimony statutes of Florida. | | | We offer a disclaimer that this website does not represent legal advice nor is it a solicitation for legal work. | | | Find out what the courts will take from you as alimony. |
|
http://www.abolish-alimony.org/report-fight-back.htm
(1096 words)
|
|
| |
| | Divorce Source: Tax Aspects of Alimony, Spousal Support and Separate Maintenance Payments |
| | Payments may qualify as alimony, even though the parties are still members of the same household, in a temporary support arrangement, until the legal separation of the parties pursuant to the decree of divorce. | | | b.The payment of cash to a third party for the benefit of the payee will qualify as alimony, but only if the payment is provided under the terms of the divorce or separation instrument or pursuant to a written request of the spouse which satisfies the requirements of Temp. | | | a.A payment will not constitute alimony unless it is received by or on behalf of the payee under a “divorce or separation instrument.&; ß71(b)(1)(A). |
|
http://www.divorcesource.com/PA/ARTICLES/pollock8.html
(1776 words)
|
|
| |
| | Massachusetts Divorce Lawyer. Alimony, Child Custody, Child Support, Divorce, International Kidnapping Interstate ... |
| | In addition to, or as part of, the alimony payment, the court will order child support, if there are minor children or children dependent upon the parties for support. | | | The goal of the legal process of divorce is to end the marriage and decide such issues as child custody, visitation, child support, alimony, property and debt division and. | | | When asking for names of lawyers, when interviewing lawyers, and when deciding which lawyer to hire, different things are important to different people. |
|
http://www.nissenbaumlaw.com
(480 words)
|
|
| |
| | HB0089 - Alimony-termination. |
| | 23 remarriage with the court which made the decree for alimony | | | 13 to modify the payment of alimony, the court shall have | | | 16 party to the divorce relating to the need for alimony. |
|
http://legisweb.state.wy.us/2001/introduced/hb0089.htm
(613 words)
|
|
| |
| | How to Determine When Alimony or Child Support is Taxable - eHow.com |
| | See if your agreement or order states the payments are not alimony. | | | Only if you are tenants in common and the payer made all the payments can half of the payments be alimony. | | | Verify that payments are set up by an official written agreement or court order. |
|
http://www.ehow.com/how_12340_determine-alimony-child.html
(511 words)
|
|
| |
| | Columns posted 09/06/02 |
| | Back in the days before pre-nuptial agreements, society intervened in such disputes and decreed that upon divorce the husband almost always made regular payments of "alimony" to his former wife (or former wives, in the case of slow learners). | | | The suffix "-mony" didn't really mean anything in the case of "alimony," but thanks to the coinage of "palimony" and the eternal inventiveness of lawyers, we can now presumably look forward to court cases seeking "flirt-imony," "date-imony," and perhaps even "longing-glance-imony." | | | Overview of Changes to Legal Rights (9/05/02), a brief synopsis by the Associated Press. |
|
http://www.word-detective.com/090602.html
(4812 words)
|
|
| |
| | Negotiating Alimony |
| | Other states tend to be very generous, especially in the case of marriages of ten years or more. | | | Many settlements specify that alimony terminates when the recipient remarries. | | | You will have to pay their hourly rate to hear it from them. |
|
http://www.split-up.com/splitgen/sp/gn/negotiatingalimony.htm
(351 words)
|
|
| |
| | Alliance For Freedom From Alimony, Inc. |
| | Every person whose marriage has been dissolved shall not be encumbered by any type of governmental intrusion in the form of an alimony obligation to the former spouse. | | | We offer a disclaimer that this website does not represent legal advice nor is it a solicitation for legal work. | | | Please sign our petition and send it to us. |
|
http://www.alimonyreform.org
(245 words)
|
|
| |
| | Alimony payments have tax implications for both partners. |
| | In cases where a divorce decree calls for both alimony and child support and the amount of each is specifically stated, only the alimony is taxable. | | | A spouse who gets alimony and refuses to give his or her ex a tax ID number could face a $50 tax penalty. | | | First, because no taxes are withheld from alimony payments, you may need to make estimated tax payments or increase the amount withheld from your paycheck. |
|
http://www.bankrate.com/goocan/itax/tips/20010112a.asp
(388 words)
|
|
| |
| | Frequently Asked Questions - Keyword: Alimony |
| | For the rules for alimony payments under pre-1985 instruments, please see Publication 504, | | | The following rules apply to payments under divorce or separation instruments executed after 1984. | | | 4.5 Interest/Dividends/Other Types of Income: Alimony, Child Support, Court Awards, Damages |
|
http://www.irs.gov/faqs/faq-kw10.html
(340 words)
|
|
| |
| | MSN Money - Alimony Glossary Definition: Taxes |
| | Money paid to a spouse or former spouse as a result of a written separation agreement or a court order in a separate maintenance agreement or divorce decree. | | | Alimony and separate maintenance payments are taxable income to the receiver and deductible before adjusted gross income for the payer. |
|
http://moneycentral.msn.com/taxes/glossary/glossary.asp?TermID=18
(48 words)
|
|
| |
| | Bolgen & Bolgen, Massachusetts Divorce Lawyer, Massachusetts divorce attorney, massachusetts divorce lawyer, ... |
| | If you are looking for an experienced attorney who will look out for your interests in a divorce or child-related matter, please call or e-mail Attorney Stig Bolgen at stigbolgen@bolgenlaw.com to set up a free initial telephone or office consultation. | | | Stig W. Bolgen specializes in divorce, child custody, child support, alimony, paternity, guardianship, restraining orders and related matters in the probate and family courts. | | | If you want your case handled by your attorney, not by an associate or a paralegal, our firm will be a good match for you. |
|
http://www.bolgenlaw.com
(264 words)
|
|
| |
| | Alimony for a Fixed Term |
| | Payments of this type of alimony are often short term or lump sum, for a specific purpose, and may or may not be modifiable as to the amount or term. | | | Alimony for a fixed term is a plan of payment in which the amount to be paid is calculated precisely. | | | You can use alimony to pay specific marital debts by setting up a plan where the higher-bracket spouse makes a tax-deductible payment to the lower-earning spouse in an amount which is sufficient to pay off the debt. |
|
http://www.mylawyer.com/familylaw/alimony/fixedterm.htm
(356 words)
|
|
| |
| | Alimony Recapture Tax |
| | Under the recapture rule, a spouse who pays alimony will be required to recapture any excess alimony paid during the first three years after the parties separate. | | | However, in some circumstances, a paying spouse may later be required to relinquish that deduction and include, as income, a portion of the alimony previously paid. | | | This potential tax pitfall catches many divorcing couples off-guard and should definitely be discussed with both your divorce lawyer and your tax advisor. |
|
http://www.divorcemoney.com/tax/Recapture.html
(535 words)
|
|
|
