Alimony payments are typically made every month, just like child support payments. The idea is that one spouse would have supported the other if they stayed married, and that support would pay the monthly bills. The alimony allows the other person not to fall into...
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Divorce
New York step parents have few rights after a divorce
When people marry into a "ready-made" family, they often become important to the children of that family. The reputation of step-parents, in general, is unfavorable. However, these unique individuals invest a multitude of love and heart into their new families. If...
Money disputes destroy high asset marriages
When you and your spouse married, you likely had plans for your future. Perhaps you both had good-paying jobs, or you were working your way up the ladder of success. As your income grew, you may have expected to avoid the common topic many spouses argue about: money....
Embracing your new role with your children after divorce
If you and your spouse get divorced, your role with your children may change. It's important to embrace this and to think about how you can be the best possible parent that you can be in this new situation.That's what one man learned when he got divorced. He fought...
Most divorces impact happy couples
When you think about divorce, you probably think about an unhappy couple that argues often. You think of stress and tension at home. You imagine one person abusing the other or cheating on them. You think of these extremes because they're often what you see in movies...
Financial preparations useful in high-asset divorce
As someone with a considerable amount of wealth, you likely understand the importance of protecting your assets. You may have many safeguards in place relating to your business or other important financial endeavors, but you may not have fully planned for the effects...
What does your wedding stress tell you about divorce?
Wondering if it's likely that your spouse will file for divorce? One key thing to consider is simply how they treated you on your wedding day.Wedding photographers, who have a front-row seat to all of these interactions, often say that couples who do not act in a...
Why use a legal separation agreement?
Before getting divorced, some couples decide to live separately for a time. They go to court and get a legal separation agreement. They then have to abide by it, just as they would a divorce decree. But why take this step? What is the goal? For some, they're trying to...
How long you stay in school impacts divorce odds
People often make the mistake of looking at divorce odds as if they are exactly the same for everyone. For instance, if the divorce rate is really around 50 percent, and you have two couples in a room together, you know that one of those couples will split up.This...
Who pays taxes on alimony?
Alimony money gets taxed by the government, which is no surprise, but people often wonder who has to pay those taxes. This question has come up a lot lately since there have been some huge changes to the tax laws. Does the person who pays have to pay the tax first, or...
