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Posts tagged "Alimony"

Circumstances that may lead to an award of alimony

Not every divorce that occurs in the courts of Arizona will end with an award of alimony to one of the parties. In fact, in many cases the parties to a divorce may emerge from the legal process with their careers intact and sufficient assets on which to support themselves. It is only when one of the parties may be disadvantaged and unable to provide for their own needs that an award of alimony will be made.

New tax law has implications for alimony payers

At present, when an Arizona couple goes through a divorce one of the parties to the legal process may be required to pay the other alimony once the divorce is finalized. Alimony, also called spousal support, is financial support paid from one former partner to the other to allow the recipient to survive in once their marriage ends. Alimony payments can take on different formats and may be paid in lump sums or periodic payments over time.

When will I be done paying my ex-spouse alimony?

Alimony is one of the financial obligations that may connect two divorce Phoenix residents after their legal relationship has been terminated by the courts through divorce. Unlike child support which is to be used by the parties to support and care for their shared offspring, alimony is financial support that one former partner may be required to pay to the other in order to help the recipient live following the marital split. In most cases an award of alimony will end based on the facts and circumstances of the former couple's case and will be discussed in their agreement or award of alimony.

Are there any alternatives to monthly spousal support payments?

There are several financial aspects of divorce, some of which can be quite contentious. One of these aspects is alimony, that is, spousal support payments made to the lower-earning spouse from the higher-earning spouse. These payments are often made on a monthly basis. However, either spouse may be or become unhappy with their spousal support arrangements. Having to pay spousal support each month keeps the spouses tethered together, even after their marriage has ended.

Gathering financial information for spouse who owes alimony

A divorce in Arizona can be a very complicated proceeding. There are many issues that must be resolved during a time when emotions often run high. Making matters worse, compromise is not always at the forefront of everyone's mind. Despite this, a divorcing couple still needs to separate the life they shared while they were married. When dissolving a marriage, one spouse may realize that they do not earn enough money on their own to meet their needs. This may prompt them to seek alimony.

Registering an alimony order from another state in Arizona

There are a number of issues that must be addressed when a couple separates their life via divorce. They need to divide assets, determine which parent will have custody, figure out parenting time for each parent, have child support addressed, and, in some instances, settle the matter of alimony. However, as lives change after a divorce, people may end up moving to another state for one reason or another, which may complicate matters.

Determining whether alimony is at issue in a divorce

While there are similarities between different marriages in Arizona, each marriage is unique. How much money each spouse earns varies, how many children a couple has varies, how many assets and debts they have vary. Just as each marriage differs, each divorce differs as well based on the circumstances of the marriage. In most divorces with children, the couple will have to determine child custody and child support and pretty much every divorce will have to deal with asset division. However, one issue that is not always an issue in a divorce is alimony or spousal maintenance as it is commonly called.

When a person will not be able to modify alimony in Arizona

There are many issues that people must deal with during a divorce in Arizona. The main focus is how does one separate a joint life and begin an individual one moving forward. This includes both financially, and how each parent will maintain relationships with minor children if they have them. The major issues that couples have to deal with in order to accomplish this are child custody, parenting time, child support, alimony and property division.

Tax implications for paying and receiving alimony

When couples are married in Arizona, they generally have one life and they pay for the costs of that life together. Sometimes, this means that one spouse will work and earn the money, while the other stays at home with the children. Other times, both spouses earn income and provide to the financial resources of the family. This could be that both earn the same amount or many other different percentages of the overall income.

What are the requirements for seeking alimony in a divorce?

There are many divorces in Arizona each year. Each divorce is unique though. But, there are certain issues that are common to most divorces, such as property division, child support and child custody, if there are minor children involved, and alimony or spousal maintenance as it is commonly called. However, how each of these issues are dealt with will be different in each divorce depending on the unique circumstances of each marriage.

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