Divorce is a difficult process for all parties, and it often requires working with attorneys to create a settlement that works for everyone. Alimony, or spousal support, is an important aspect of any divorce. This is a court order where one spouse makes regular payments to the other after the marriage ends. If you believe you will need financial aid after a divorce, you should learn about the ...
Even in our modern times, there is a lot of confusion around gender and divorce decisions. Most people assume that the system is biased toward women. They believe that women are overcompensated when it comes to support, child custody, and so on. Legally, gender should not affect any divorce decisions. The court should consider only the facts of the case and the individuals getting divorced. In ...
Once a divorce is on the table, it’s not uncommon for emotions to run high and to the left. Marriage is a legally binding contract, but it’s also about love and emotion. It’s difficult for many couples to get through the rational and cerebral part of the divorce because the emotional part becomes all-consuming. No one gets married planning for their divorce, and yet, divorce happens often. When a ...
Alimony, also referred to as spousal support or maintenance, provides individual financial support during separation and divorce. The support comes from the higher-earning spouse in the relationship. The court orders alimony to be paid using a court order, which makes the debt a legal obligation. When a party fails to comply with a court-ordered support award, they face garnishment, tax refund ...
When your marriage ends, it can be devastating. If you are financially dependent on your spouse and you’ve never had a job outside the home, it can financially devastating and frightening. You don’t have to be a stay-at-home spouse; you can also be the spouse who makes significantly less money. Regardless of the circumstance that make you financially dependent on your spouse, it can be scary when ...
A divorce means the end of a legal and emotional relationship where you shared many things, including your assets and debts. The financial benefits of sharing resources and bills can throw many divorcing couples into a stressful budgeting tailspin. When one spouse makes more money than the other, the imbalance can leave the other party in need of financial support to maintain the lifestyle they ...
Understanding Your Financial Obligation to Your Ex Iowa typically treats spousal support as a rehabilitative tool for spouses who earn significantly less than their partners. By awarding alimony, courts give these spouses with lower earning potential a chance to stay afloat while getting the education or training necessary to become self-sufficient. The duration of this financial award will vary ...
Our financial circumstances change as the years pass and the spousal support order that was once suitable for you and your former spouse may no longer work. If you need to modify your spousal support order, you can petition the court to have it reduced or increased, depending on the situation. Before you take the matter to court, however, consider discussing it with your former spouse. Hashing out ...
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