By Appelhof, Pfeifer & Hart, P.A. | Published May 25, 2020 | Posted in Alimony | Comments Off on How a Coronavirus-related Income Loss Could Affect Your Alimony and Child Support
Many people have faced a job loss or reduction in income due the coronavirus pandemic. In such a case it might be difficult for an ex-spouse paying alimony or a parent sending child support to keep up with their obligation. As these orders are based on the financial circumstances that existed at the time they Read MoreRead More
Alimony (called spousal maintenance in Minnesota) arrangements are common when there is a significant gap in earning capacity between divorcing spouses. The divorce decree will contain information specific to spousal maintenance that defines how much will be paid and when those payments will be due each month. It will also define how long spousal maintenance Read MoreRead More
During your divorce, the court may award you alimony (called spousal maintenance in Minnesota), which you would begin receiving in monthly installments at such time the court issues an order for spousal maintenance. This spousal maintenance arrangement may be permanent or temporary, depending on the circumstances of your marriage and divorce. When the divorce is Read MoreRead More
If you are a stay-at-home parent going through a divorce, it can feel as though you are at a big disadvantage in the negotiations. Because you’ve been away from work for an extended period of time, you may not have the earning capacity of your spouse, and your earning capacity will play a role in Read MoreRead More
Now that the calendar has officially turned to 2019, the Tax Cuts and Jobs Act of 2017 is in full effect. One of the more noteworthy items within the legislation was how it changed how alimony has been taxed for many years. Under the old laws, which apply to any divorce agreements made on or Read MoreRead More
If you and your spouse separated before your divorce, the date of that separation could have an impact on issues of property division, child support and alimony. The definition of the “date of separation” may vary depending on where you are from, but most of the time it is the date the spouses no longer Read MoreRead More
Alimony payments are usually tax deductible for the person making the payments and are considered taxable income for the person receiving it, so it is extremely important to keep close, detailed records whether you are paying or receiving it. It is common for spouses to dispute the amounts of alimony that were paid, or for Read MoreRead More
If you are preparing for divorce, you may also have to plan for the prospect of alimony — whether it is paying or receiving it. If one spouse earns significantly more money than the other and you have been married for at least several years, it is possible a judge will order an alimony arrangement. Read MoreRead More
A bill working its way through the Minnesota House of Representatives could change the way alimony works in the state. The bill’s goal is to bring permanent spousal maintenance to an end when the spouse receiving it moves in with a new boyfriend, girlfriend, fiancé or partner. The bill, proposed by Representative Peggy Scott, would Read MoreRead More
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