Category Archives: alimony
How Inheritances Impact Alimony Payments
Inherited wealth is usually given to one individual with the intention that it stays with that individual. This can be accomplished through a prenuptial agreement or a family trust, keeping the inherited monies out of a joint account and, therefore, away from the soon-to-be ex-spouse. If a divorcing couple has assets or is expected… Read More »
Spousal Support Tax Deduction Ending Soon
Spousal support, also commonly referred to as alimony or spousal maintenance, is a payment from one spouse to another that is either ordered by the court or agreed upon between both parties as part of a final divorce settlement. Spousal support is not ordered or agreed upon in all cases, and the amount and… Read More »
