Question: I am 62 years old and am paying permanent alimony. I am paying nearly $1,500 per month and don’t think I will ever be able to retire. Is there anything I can do to modify or terminate my alimony payments?
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In divorce, retaining a vocational expert can sometimes be one of the most valuable investments you can make. If you are facing a divorce and brought in significantly more income than your spouse, or if your spouse has been out of the workforce for an extended period of time, you …
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Question: I recently signed my uncontested divorce decree. I had no attorney and feel I might have agreed to pay too much child support. We have four kids. I have to pay more than $600 supplemental security income to my oldest and an additional $865 in child support. I only …
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Question: When do I become obligated to pay child support? Answer: While I am not licensed to practice law in your state, I can give some general guidance on this issue. Legally, you are not required to make child support payments to your spouse unless the court orders the payments. …
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Question: My wife is hinting at a divorce and I don’t want to fight her. For the last six years we have been living off her inheritance she received when her father passed away. Most of that is in investment accounts, most of which are in her name only. Additionally, …
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Question: My wife and I are divorcing and she is coming after me for everything she can get. She had a temporary order entered so she has custody of our children the majority of the time. She is also trying to get as much money from me as possible. I …
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Spousal support seems destined to remain in a state of perpetual flux. Even the name – alimony/spousal support/spousal maintenance – keeps changing. There are numerous reasons the spousal support system is so complicated – many of them deal with ever-changing gender and marital roles. To understand why the system is …
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One reason coming to a fair divorce settlement that both parties agree to is that emotion often clouds rational decision making. FairDivorceDecisions.com can’t eliminate the emotional element of divorce, but it can help divorcing couples objectively analyze the financial aspects of the divorce. Laurence Kotlikoff, an economics professor at Boston …
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Question: I am trying to modify my current parenting time. Right now, because I only have 80 overnights, I owe my ex-wife child support. If I modify the plan to at least 110 overnights, she would have to start paying me child support. However, I owe more than $10,000 in …
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Tax season is in full swing. If you’re newly divorced, you likely have a lot of questions about filing your taxes. Divorce can certainly complicate an already tricky process. Here are seven frequently asked questions regarding taxes and divorce:
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