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Marriage is not just a romantic promise. It is a legal, social, and economic contract. When it breaks, the emotional cost may ...
Alimony is one of the most debated topics in divorce. Many men see it as an unfair financial penalty while ignoring the ...
Despite receiving alimony, she must work three part time jobs. She was a stay at home mom for most of her 21-year-marriage, so she collects a modest social security check.
Alimony and child support are terms used in discussions surrounding divorce and separation, but they refer to very different financial responsibilities.
That is not the part that I found interesting. Here is the interesting part. At trial petitioner asserted that the $50,000 of alimony she reported on her 2007 tax return should be nontaxable.
Alimony dates back centuries. The original idea was that once married, a man is responsible for a woman till death. But that notion has shifted in recent decades, as more women have jobs and their ...
Asked if she believes lifetime alimony should be eradicated and Entmacher said no, though she believes this should be assessed on a case-by-case basis: “We just did a report on women in low-wage ...
Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.
Yes, there are. For instance, in certain circumstances, divorcing women should consider the benefits of an Alimony and Maintenance Trust (also known as a Section 682 Trust).
The Supreme Court ruled that previous alimony can't impact disputes in a new marriage, resolving a case involving a couple's divorce and property settlement.