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When it comes to spousal maintenance in New York divorces, myths and misconceptions abound. The misinformation often stems from hearsay, incomplete information or outdated beliefs. As a result, many find themselves grappling with unnecessary worries or making...
If one person is seeking alimony (“maintenance” under New York law) as they divorce, it’s typically best when spouses can agree on an amount, duration and other details on their own, with their legal representatives. In many cases, that’s not possible. Then a judge...
Typically, alimony payments are made monthly. That’s often best for the paying spouse, who can budget them into their monthly expenses, and for the receiving spouse, who can count on that monthly income for as long as it’s court-ordered or you’ve negotiated....
Every divorce is different. Sometimes the financial situation of one or both parties changes after their marriage has ended. This can mean that one party can no longer make their scheduled support payments, or it may mean that one party no longer needs them. Modifying...
Going through a divorce in New York can be difficult, and what's even more confusing is trying to figure out the role of spousal support payments. This type of financial support is often a cornerstone of divorce, making it important to at least learn the basics....
Paying money to your ex-wife may be the last thing you wish to consider when getting a divorce. However, it may make your life more comfortable in the long run. Put yourself in your wife’s shoes for a minute. She has to go out into the world and stand on her own two...
In the state of New York, alimony is no longer a legal term. Although many residents still use the terms alimony and spousal support, the official term is now "spousal maintenance." Other than its name, spousal support or maintenance functions essentially the same way...
Many high-asset couples may be looking at The Tax Cuts and Jobs Act and thinking that it seems one-sided, taxing the payor of alimony and providing support money tax-free to the receiver. In truth, the law could be financially beneficial to both parties under certain...
Divorce is never easy. And while some couples are able to remain amicable throughout the process, there will be others who find themselves engaged in heated disputes. The discussion of divorce legal matters can make anyone angry, especially when the couple doesn't...