Alimony (aka spousal support) is a tricky subject. The idea behind alimony is to limit the economic hardship imposed by a divorce. The spouse who earns more may be asked to contribute financially to the other spouse's income. Unlike child support, the courts are...
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Divorce
Fault in the context of child custody determinations
Typically, we think of fault as not being a factor when it comes to divorce, but as we’ve been exploring, there are certain instances where it can factor in, infrequent as they are. In addition to the rare cases where fault can factor into property division,...
Time limits of child support
When a child reaches the age of 18, child support ends in most states. In New York, however, the cut-off age -- also known as the age of majority -- for child support payments is 21. The age of majority is the established legal age in state law when a child is no...
Dealing with the family home in divorce, P.1
In recent posts, we’ve looked a bit at some of the factors judges consider when dividing marital property in divorce. One of the most important assets couples have to their name at the time of divorce is their home, and determining how to divide family home can...
How do I transfer 401k benefits in a divorce without penalty?
Employers often offer 401k plan options. Under some plans, employers will match any money you put into the plan up to a certain amount, commonly between 2 and 6 percent. A major benefit of these plans is that you put money in tax-free and allow it to grow over time....
