What is Spousal Support?
Spousal support, sometimes called alimony, is likely an issue whenever there is a significant difference in personal income between the two spouses.
Spousal support designed to provide the lower-income spouse with money for living expenses regardless of gender.
Courts make determinations regarding spousal support after considering many factors such as:
- the length of the marriage,
- the standard of living during the marriage,
- as well as the age,
- earning capacity and
- job histories of both individuals.
The issue of spousal support modification can have a profound impact on how they live day-to-day and plan for retirement. In many of our cases, we must negotiate or litigate to achieve a minimization or termination of this sometimes oppressive obligation in our client’s best interest.
ALERT: The new tax plan Congress passed in Dec. 2017 will have a variety of lasting consequences, and one area that will feel this is spousal support. The new tax plan abolishes a deduction on alimony that’s been in place for more than 70 years.
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