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Alimony Archives

"Glee" star's estranged spouse requests alimony

Alimony, also known as spousal maintenance, is a payment made to the spouse of lesser means in accordance with the divorce settlement agreement. Alimony is intended to compensate the lesser earning spouse for any economic unfairness that occurs as a result of the divorce. In Minnesota, the court looks at a variety of factors when calculating spousal maintenance, from the needs of the spouse to the length of the marriage.

How long should an ex-spouse be required to pay alimony?

Alimony, also known as spousal maintenance, is often one of the most contentious issues in a divorce proceeding. What readers may not know is that in nearly every state, alimony can be made permanent. While alimony has long been a source of frustration for high-income spouses, the permanent nature of such awards is particularly controversial. In response, a number of states are beginning to reconsider alimony laws to remove permanent support as a possibility in divorce proceedings.

The impact of income on child support and alimony

When a couple divorces in Minnesota it is vital to get an accurate accounting of their ex-spouse's income. Income is important because it impacts how the court calculates alimony. Unfortunately, calculating real income for the sake of alimony is not always easy. One way to calculate alimony, however, is to use a spousal maintenance calculator. For Minnesotans currently filing for divorce and requesting spousal maintenance the following may be helpful.

Amount and duration of spousal maintenance in Minnesota

Alimony is not uncommon in divorces where there are significant disparities in income. Courts award alimony, also referred to as spousal maintenance, to limit the economic hardship to the lower-wage earning spouse. To decide on the amount of alimony, the court often considers a number of factors. The court also has broad discretion when awarding alimony. Minnesota couples considering divorce might find the following piece on spousal maintenance helpful.

What happens when someone fails to pay alimony?

When a couple ends their marriage the court may award a few different types of payments. One form of payment the court may award is alimony or spousal support. Alimony is a payment made from one spouse to another for the purpose of limiting the economic effects of divorce. Failure to make a court ordered payment such as alimony can have serious consequences as well, something that should be considered when making an agreement.

Raising cash for alimony can involve tricky tax consequences

Alimony is a financial payment that one spouse makes to another spouse following the end of the couples marriage. Following the end of a couple's marriage, they must work out a variety of financial details. One such detail, alimony, is a payment that one spouse must make to the other following divorce. Also referred to as spousal maintenance, alimony can be structured in either a lump some or monthly payment. How to structure the payments depends on the unique financial situation of the particular couple. Minnesota couples going through divorce might find the following piece on spousal maintenance and tax consequences interesting.

More women are paying alimony to their former spouse

A recent report reveals that women in Minnesota and across the nation have seen an increase in divorce court judgments for spousal maintenance. The report was released by the American Academy of Matrimonial Lawyers, which consists of 1600 members who handle divorce, alimony, child custody and other family law issues across the nation.

Settling on fair alimony payments is possible

Throughout the country, several state legislatures are considering reforming their alimony laws. The idea of implementing reforms has ignited discussion over the intents and purposes of paying alimony to ex-spouses. By gaining a better understanding of what exactly alimony payments are for, Minnesota couples headed for divorce can be adequately prepared to reach an agreeable, fair settlement.