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alimony Archives

Ask these questions know if it's time to consider divorce

You'll never know for sure intellectually whether you should get a divorce. It's something you have to feel out and intuitively know. When it's time, you'll feel it and you'll act upon that feeling. Until that moment, however, it could be useful to analyze where you stand in your partnership.

Can I receive more spousal support if I'm returning to school?

One of the most important parts of temporary spousal support involves helping a California spouse have the necessary time required to become financially independent. Part of the process of becoming financially independent from an ex-spouse could involve schooling to assist in finding a higher paying. However, what if you weren't in school at the time of your divorce, and now you want to go to school? Can you ask for an increase in spousal support?

Getting real about your finances post divorce

When you're married, you benefit from a lot of different financial advantages. Although a lesser earning spouse can often seek alimony or spousal support to try and maintain a similar standard of living enjoyed during marriage, the reality is that most spouses will probably take a serious financial hit following the finalization of their divorce.

Can I deduct alimony payments from my taxes?

New Jersey residents do not tend to enjoy paying alimony to their ex-spouses each month. Fortunately, in many cases, the alimony payments you may be forced to pay will be temporary. Also, the money you give to your ex-spouse will be tax deductible. Your ex, who receives the money, will be the one required to pay taxes on it.

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