Statistically, it is very difficult for divorced women to rebuild wealth. Therefore, spousal maintenance is an important part of most Minnesota divorces. Beginning on January 1, 2019, alimony will be a lot different. One change went into effect in August 2016. The new...
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Alimony Modifications and Hutchinson, MN Family Law Attorneys
Income changes cause most spousal support modifications Such adjustments are frequent, since most people change jobs twelve times during their careers. The obligor’s income obviously affects his/her ability to pay. And, the obligee’s income increase might change...
Buffalo, MN Divorce Lawyers and Alimony Determinations
A number of states, including Illinois, have recently changed their spousal support laws. In the Prairie State, alimony determinations are much like child support determinations. Judges use the parties’ income and the length of the marriage to determine the amount and...
How Do Buffalo, MN Family Law Attorneys Set Alimony Payments?
Many states, including nearby Illinois, have substantially revamped their spousal support laws in recent years. To set the amount and duration of payments, judges in these jurisdictions follow mathematical formulas as opposed to subjective factors. So, alimony is more...
Can a Buffalo, MN Family Law Attorney Obtain Alimony in Wright County?
In some situations, spousal support is either strictly limited or completely unavailable. Many prenuptial agreements include alimony caps. It is difficult, but not impossible, to unilaterally overturn these agreements in court. Moreover, there is a presumption against...
The Maginicient Seven of Alimony Collection
Even though such orders are important components of an equitable property division, many obligors (people who pay spousal support) see alimony orders as unfair financial penalties. That’s especially true if the order is more than a few years old. Seven or eight...
Can a Buffalo Family Law Lawyer Change Alimony Amounts?
FSO (Family Support Obligation) determinations, including spousal support obligations, are never designed to be permanent. Alimony payments, in terms of both amount and duration, are based on several amorphous factors. Since these factors change frequently, the...
A Hutchinson Divorce Lawyer Explains MN Alimony Rules
Spousal support is probably the most controversial divorce issue. The financial aspect is only part of the story. What makes these issues so difficult is that people on both sides have extremely strong feelings. So, it’s often difficult even for experienced...
A Hutchinson Family Law Attorney Talks About the 2019 Alimony Rules
For about a generation, alimony payments have been tax-deductible and alimony receipts have been tax reportable. That all changed on January 1. The 2017 Tax Cut and Jobs Act eliminated the alimony payments tax deduction. The TCJA also ended the reporting requirement....
Hutchinson Family Law and Alimony Payments
Spousal support is one of the most controversial parts of a Hutchinson divorce. There are strong feelings on both sides. Many people feel that alimony is basically a financial penalty. Others counter that most divorced women would perpetually live in poverty without...