Divorces that involve alimony can be very complex matters. These cases are usually high-asset divorces that involve considerable assets. While the issuance of alimony isn't a requirement in Tennessee divorces, it is often necessary to make the settlement work out the way it needs to. It is sometimes used to help a stay-at-home parent have an income while he or she gets back out into the workforce, which can be a challenge when you are raising children.
Alimony payments are something that come with some divorces, but not all. When you are facing the prospect of having to make alimony payments, you might wonder what options you have. In some cases, the choice might not be yours to make. Instead, the court might order the payments and payment schedule.
We recently discussed how you need to think about a few points if you are going to try to get alimony as part of your divorce. Typically, alimony isn't something that is required in a divorce, so you must be ready to fight for this support if you think you need it.
When you are going through a divorce, especially if you were a stay-at-home spouse, you might be worried about how you are going to make ends meet now. While it might not be appealing to have to rely on your ex now, it may be exactly what has to happen.
Alimony payments are part of some divorces. You can probably understand why some people who have to pay alimony might not want to make those payments. While many alimony orders are set up for regularly occurring payments, it might be possible for you avoid having to make those payments.
If you've been told that alimony could be a factor in your divorce, it's normal to have questions about what the amount will be. While this is dependent on the factors specific to your divorce, there are some general rules to be aware of. However, keep in mind that there are no hard and fast formulas for determining alimony, and the courts have a great deal of discretion in what they consider.
When you are going through a divorce, you might consider how the divorce orders can affect you. If you are paying or receiving alimony, you might be shocked to learn that this can affect your income tax return. With that in mind, you should make sure that you have handled alimony payments in the correct manner before the upcoming deadline of April 18 for filing your income tax return.
Gone are the days where a divorced woman could reliably count on a court's awarding her alimony payments from her ex. Now, not only is the awarding of spousal support decided on a case-by-case basis, under some circumstances, a Tennessee woman might have to pay support to her ex-husband.
While it may seem like a strange concept to plan your divorce, it's a smart idea. It can be tempting to try to get the process over with as soon as possible so you can move on, but there are many different facets to a divorce. Overlooking or failing to address an issue now could have devastating effects in the future. When you talk with an attorney, he or she can help you understand the laws and your rights and how you can protect your best interests by being proactive during the divorce process.
While it may seem like divorces should be fairly simple, this is rarely the case. The end of a relationship is usually complicated, and the longer the couple has been married, the more potential issues there may be at play. One of these such issues is alimony. If you are trying to get alimony payments as part of your divorce settlement, it's important to understand what you can do to protect this source of income if something happens later on.