Category Archives: Alimony
Special Alimony Considerations in High Net Worth Divorces
Alimony is a contentious issue in many divorce cases. In a high net worth divorce, though, the stakes are particularly high and calculating amounts is anything but traditional. When a couple or spouse is significantly wealthy, the standard alimony guidelines often do not reflect the true scope of lifestyle, income, and future need. In… Read More »
How to Limit Alimony in a High Net Worth Divorce
Alimony is not an issue in all divorce cases but when a couple or spouse has a high net worth, spousal support must usually be negotiated. Due to the high income of one spouse in a high net worth divorce, amounts of alimony are usually higher. However, there are ways to limit the amount… Read More »
How the Length of a Marriage Affects Alimony
Alimony, sometimes also referred to as spousal support, is a contentious issue in many contested divorce cases. When a lower-earning spouse requires financial support after a divorce, a judge will often award them alimony. The higher-earning spouse is then required to make payments on a regular basis to provide the necessary financial support. Family… Read More »
Is Alimony in Divorce Tax Deductible?
Many people don’t realize the financial impacts of divorce. During a high-net worth divorce, decisions made can have significant long-term tax implications. Generally, federal income tax rules allowed people who paid alimony to claim a tax deduction and required those who received spousal support to report it on their income tax return if the… Read More »
