When a Kentucky couple chooses to sever marital ties, the decision is usually just the beginning of a court process that is often lengthy and complex. When children are involved, many decisions and plans need to be made regarding their future care and financial provisions. Some spouses, as well, are unable to make ends meet on their own after divorce, especially if they placed their careers on hold to stay home and raise families during marriage. This is why the court sometimes determines alimony appropriate in a particular divorce situation.
It's coming upon that time of year when many Kentucky residents are preparing their tax returns. This year will be different for those who were divorced and began receiving alimony in 2016. Various issues can arise if one is not fully aware of all tax laws and how spousal support may impact one's tax return.
There's no telling what types of challenges may arise when a Kentucky couple decides to end their marriage in court. Many common issues often surface, such as those pertaining to child custody, visitation and/or alimony. The latter is definitely not what it used to be in that there is no presumption that a wife will automatically receive spousal support from a former husband.
Courts in Kentucky and throughout the nation have much discretion when it comes to matters of spousal support after divorce. Whether to grant alimony, to whom and how much, are all pertinent topics that may be addressed in court. Gone are the days when a woman automatically receives spousal support payments from a man in divorce. Nowadays, one, both or neither spouse may be granted alimony, depending on a particular court's decision.
When a judge finalizes your divorce decree, you may think that you are at the end of the road. If your circumstances later change, however, Kentucky law allows you to seek a modification of your divorce decree.
When a couple decides to divorce, one of the most hotly-contested factors in the final agreement is spousal support. The concept of alimony was created in order to limit the economic effect that a divorce would place upon the spouse who earned significantly less that the other party or did not earn wages at all. In Kentucky, alimony can also influence the distribution of property.
individual during a divorce proceeding. It can be temporary or permanent depending on the financial circumstances of each spouse that is ending a marriage, regardless of gender. Eligibility requirements involve when one spouse either has a lack of assets after divorce or is unable to maintain employment with enough resources to support him or herself post divorce. Alimony helps the less fortunate spouse to receive payments so they can have increased income and be able to pay their normal monthly bills. Here is some information about types of alimony and factors considered by the court when determining spousal support payments.
When two people decide to end their marriage, there is a seemingly endless amount of decisions to make. Child custody matters and asset division are two of the most complex issues and can often take a significant amount of time to determine. However, even after these issues are decided, Kentucky couples who have sought divorce may find that they have to continue making decisions together when children are involved.
Those going through a divorce should work with their attorney to develop not only a transition plan into post-divorce life, but also long-term steps to financial recovery.
A major issue which arises in the dissolution of a longterm marriage is that of spousal maintenance, otherwise known as alimony or spousal support. Too many lawyers frequently present it to clients as an "it exists, live with it" proposition, and laymen understand it only as the nebulous concept of alimony. This conclusive and nonexplanatory concept is constantly reinforced in the opinions of both trial and appellate courts, and this misconception is compounded through the earnest efforts of legal scholars in creating largely incomprehensible articles on the topic.