Financial issues are often the most contentious when a divorce occurs. That’s why many people work with forensic accountants when it comes to things like alimony payments and asset division. These professionals support your legal team by providing scientifically-driven information regarding a person’s financial standing. The American Bar Association explains more about these processes and howContinue reading “How can a forensic accountant help with divorce?”
Category Archives: Alimony
Can alimony be discharged via bankruptcy?
Many people file for bankruptcy when they find themselves in over their heads when it comes to debt. While the process can help discharge a great many debts, including credit card debt and medical payments, things like alimony or child support are not usually able to be discharged. The Balance explains how these debts are treatedContinue reading “Can alimony be discharged via bankruptcy?”
How can I prevent money problems after divorce?
Along with its emotional effects, divorce also has a variety of financial implications. Whether you’ve experienced a reduction of assets or have been ordered to pay alimony or child support, it’s crucial that you keep your finances in check while you adjust to this new financial situation. These budgeting tips from CNBC can help you doContinue reading “How can I prevent money problems after divorce?”
What are the tax implications of alimony?
A typical part of many divorces in Florida is an order of alimony. Alimony is spousal support payments that one spouse pays to the other after the marriage to help him or her afford living expenses. The details of alimony vary on a case-by-case basis. Regardless, it is important to understand how to handle yourContinue reading “What are the tax implications of alimony?”
What is durational alimony?
If you are divorcing in Florida, there will be many things you have to decide. The court also has important decisions to make regarding the end of your marriage and where you go from here. A large part of all the decisions deals with finances. You have to untangles years’ worth of purchases, income, savingsContinue reading “What is durational alimony?”
All alimony is not created equal
When Florida couples divorce, it is often after months or years of trying to repair the relationship. In many cases, one spouse pays money to the other after the settlement. If you are considering divorce, it is worth noting that the court can use its discretion when determining how much and length of the payments.Continue reading “All alimony is not created equal”
Alex Rodriguez and ex-wife spar in media over alimony
Alimony and spousal maintenance may be only meant to serve as a temporary form of financial assistance to help a former spouse get back on their feet financially. Thus, one who is obliged to pay such support may feel frustrated is they feel as though their ex-spouse no longer needs it. A drastic change inContinue reading “Alex Rodriguez and ex-wife spar in media over alimony”
What is a lifestyle analysis?
For divorcing couples in Florida, financial issues are usually tough to navigate. That’s why the financial analysis is so important. Sometimes referred to as a financial affidavit, this document is provided to your legal team to determine things like division of assets and whether alimony is warranted for either spouse. Forbes explains how a lifestyleContinue reading “What is a lifestyle analysis?”
What is alimony pendente lite?
If your soon-to-be ex-spouse was the primary financial provider in your household in Davie, then you may have reasonable concerns about your ability to support yourself now that you are separated. If the court determines that your current financial situation (as well as the sacrifices you may have made to help further your ex-spouse’s career)Continue reading “What is alimony pendente lite?”
Is alimony always awarded?
If you are getting a divorce in Florida, there are many things likely on your mind. One of them may be whether you will get alimony or not. You may not know if it is awarded in every case or if it is possible you will not have alimony in your case. Whether you areContinue reading “Is alimony always awarded?”
