I take your question as applying to both child support and/or alimony, which is also known as spousal support. In New Jersey alimony is addressed under the factors that are set forth under the alimony reform act. So, the first step would be to determine the standard of living of the marriage and we […]
Financial Issues
WATCH: How Is Alimony, Spousal Support, or Maintenance Determined in Texas?
WATCH: Who decides what is marital and what is separate property?
Trial courts in Indiana are tasked with dividing marital property in a “just and reasonable manner.” Marital property refers to property acquired during the marriage, while separate property refers to property that you brought into the marriage…
WATCH: What Is a High-Net-Worth Divorce?
What Is a High-Net-Worth Divorce? James Nolletti Answers:
WATCH: What should a business owner’s first step be to avoid disruption during divorce?
What should a business owner’s first step be to avoid disruption during divorce? Illinois Divorce Lawyer Candace Meyers answers:
What advice would you give to divorcing couples to get their fair share?
Divorcing couples should keep their premarital or non-marital retirement & brokerage accounts separate from any marital accounts. Learn more here.
How are pensions and retirement plans divided during divorce in Maryland?
Contributions made from the working spouse’s wages to the working spouse’s retirement accounts during the marriage would be considered marital property and subject to distribution under Maryland law. There’s a difference between pensions, which are known as defined benefit plans and retirement plans such as 401Ks or Roth IRAs, which are known as defined contribution […]
What do courts do to fairly distribute marital property?
All marital property is considered when dividing property during divorce; any business, professional practice, real estate, and retirement account. If one spouse has more marital property titled in his or her name then the other spouse, the court can grant the spouse with less marital property a monetary award. For example let’s say that the […]
Can you explain the differences in tax treatment of spousal support versus child support?
Child support is non-taxable. It’s nondeductible by the child support payer and it’s non-tax includable to the child support recipient. This is rooted as best I can explain it in the concept that child support, while paid by a parent to another parent is nonetheless money that belongs to the child. The recipient parent gets […]
If one spouse drags out the divorce process, can the other spouse refuse to pay spousal support?
Assuming that spousal support is being paid during dependency of a family law action by court order – and again, that’s either an order that’s initiated by the court after listening to evidence, or it’s an order that’s based upon a signed agreement of the parties. No spouse can engage in self-help and say, “I […]
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