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Posts tagged "Alimony"

Stay-at-home parents might need alimony after divorce

Stay-at-home parents have a lot of duties to handle around the house. Not only are they usually the ones who cook and clean, but they also have to try to raise well-adjusted children. This puts a lot of pressure on them. While their marriage is going well, this can be a dream way of life for them. If the marriage begins to crumble, however, the stay-at-home parent might be at a serious financial disadvantage.

Spousal support payments have special consideration

Divorces that will include alimony are often complex, but knowing a few points about these spousal support payments might help individuals who are considering asking for them make a decision about what to do. Because the tax laws related to alimony changed at the beginning of 2019, there are some individuals who might have to rethink what they are going to do.

Alimony payments can be lump-sum or recurring

When you are going through a divorce, the subject of alimony might come up. Normally, this is reserved for long-term marriages and those with some specific circumstances. The goal of alimony is usually to help support a spouse until they are able to get on their feet. In some cases, this is because the person was a stay-at-home spouse and doesn't have the workforce experience that would allow them to support themselves right away.

Consider these factors about spousal support as you plan

Some divorces include spousal support (alimony) as part of the final agreement. If you are seeking spousal support from your ex -- or think that you might -- there are a number of specifics that you need to consider in order to plan your future. Our attorneys know that you might have a number of unanswered questions about alimony, and we can help guide you through them.

Know when alimony payments should end

Alimony payments are ordered in some divorces, either due to a mutual agreement or because of a judge's decision. All post-divorce support terms are spelled out in the divorce order, but sometimes this is confusing. Anyone who is going through a divorce that might include alimony should understand some basic points about it. One of these is when the payments will stop.

A lump sum alimony payment may be preferable to monthly payments

Some divorces come with the possibility of having to make support payments to your ex for a while. When this is the case, you have to work to make sure that you are making the best decisions possible about these payments. One thing that you can't do is to just ignore the order for alimony and not make the payments.

Alimony payments aren't mandatory in Tennessee divorces

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.

You might not have to make monthly alimony payments

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.

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