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Posts tagged "Alimony"

Alimony is a contested issue in Knicks' point guard's divorce

NBA fans in Arizona may have heard Raymond Felton, the point guard for the New York Knicks, had been charged with a felony after pulling out a gun during an argument with his wife, after she filed for divorce. Well the couple was in court, recently, attempting to settle their divorce. No agreement was reached as Felton's wife is seeking alimony, and the point guard claims that he does not owe her alimony as the couple had signed a prenuptial agreement, prior to marriage. His wife states that the prenuptial agreement should be voided because she claims he cheated on her during the marriage.

Gray divorces becoming much more common

The Baby Boomer generation in Arizona is getting closer and closer to retirement age. Many have had long marriages, and the children have moved out of the house. For many, it is the first time that they have been alone in the house with their spouse and start to realize that their relationship has changed over the years. This has led to an increase in the number of divorces for couples over 50-years-old. In fact a recent study showed that in 2009 about 25% of all divorces were with people over 50-years-old.

Porsha Williams receives no alimony in her marriage dissolution

As Arizona fans of the Real Housewives of Atlanta know, Porsha Williams, one of the show's stars, had her marriage depicted somewhat publicly on the television show. Williams was married to former NFL player Kordell Stewart and most fans probably know that the couple, who married in 2011, filed for divorce in March 2013. What fans may be surprised to know is that Williams received no assets or alimony after the dissolution. Stewart on the other hand kept all of his property, cars, investments and business interests.

More women paying alimony to ex-husbands

For many married couples in Arizona, both spouses work similar hours and earn a similar income. However, for many other married couples, one spouse makes more than the other spouse. Often this is by agreement, so one parent is able to take care of the children. This usually means that one spouse agrees to sacrifice their career and earning potential for the sake of the family. If the couple ends up getting a divorce the spouse who sacrificed their career may be entitled to receive spousal maintenance as compensation for the sacrifice.

John Cleese's alimony one reason for Monty Python reunion

Monty Python fans in Arizona may have John Cleese's alimony payments to thank for the upcoming Monty Python reunion. Cleese recently stated that he needs to keep doing live shows in order to pay alimony to his former wife. He is currently ordered to pay her approximately £612,000 a month. He stated that he would like to make decisions on work without having to worry about money, but he is not able to at the moment. Cleese admitted that there were other factors that went into the decision as well.

Music producer's wife seeks alimony and child support in divorce

In Arizona divorces, there are many issues that must be sorted out. If there are children, child custody and child support must be established. Assets must be divided and, in cases when one spouse makes significantly more than the other, alimony may also be an issue. The purpose of alimony is to ensure that one spouse is not left in a significantly worsened financial position than the other. The amount and duration of the alimony is fact specific and based on the unique circumstances of each case.

Unique alimony concept now being considered during divorce

The goal during divorces in Arizona is usually to ensure that both spouses are left in a position similar to the one they enjoyed during the marriage. In order to accomplish this goal, alimony, which is now commonly referred to as spousal support or maintenance, is sometimes paid by one spouse to the other. The purpose of alimony is to ensure that a spouse who is earning much less than the other spouse does not unduly suffer as a result of the divorce.

Man jailed numerous times for failure to pay alimony

Many readers of our Phoenix family law blog have first-hand experience in dealing with alimony and spousal support awards. Often one of the most contentious areas of divorce, alimony depends on several factors. It is generally viewed as being rehabilitative. This means that alimony awards in many cases continue only until the recipient is able to be financially self-sufficient. However, some cases warrant the grant of life-long spousal support.

Men don't get alimony because they don't seek it

Arizona men who are involved in a divorce proceeding may want to seek alimony if their spouse earns more than they do. Recent data from the U.S. Census Bureau indicates that 37 percent of married mothers have a higher income than their husbands, but only 3 percent of divorcing men receive alimony.

Lifetime alimony payments may end in military divorces

Splitting marital assets during a divorce can be a complicated process, but even after the divorce is final, financial obligations can remain. Spousal support payments are meant to ensure that an ex-spouse does not suffer undue financial hardship because of the divorce. While many support agreements have a limited lifespan, some are actually set to last a lifetime.

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