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If you’re about to go through a divorce, then your financial well-being is at stake. This is especially true if you and your spouse have a significant number of assets. And the property division process is going to set the stage for your financial health for some time...
In Delaware, part of a court order or divorce settlement often includes an award for alimony. Alimony and spousal support are two separate categories, as the first applies to a post-divorce settlement, while the second is temporary and usually lasts for the interim...
Alimony can be vital for a divorcing spouse in some situations and may feel like a burden to the other spouse that they cannot sustain. Because of the sometimes emotional nature of alimony, it is helpful for divorcing spouses to be familiar with the different aspects...
Going through a divorce can be a stressful situation. Adding alimony into the negotiation can make the situation even more complex for both parties. Eventually, you finalize the divorce and start to settle into a new sense of normalcy. In some cases, the new normal...
Divorce is a difficult event for Delaware families to go through, and the many strong emotions that take over can cloud the more practical concerns of financial security after it is all over. While alimony awards are gender-neutral in the Diamond State, more...
Changes to the federal tax laws that took effect in 2019 eliminated the few advantages for paying alimony. The long-standing deduction for alimony payments was eliminated. Tax Cuts and Jobs Act of 2017 The tax law was changed to address tax underreporting. Tax returns...
Divorce creates many questions that can be hard for Delaware residents to work out on their own. That is why many individuals seek the advice and counsel of trusted legal professionals to guide them on their journeys. A family law attorney can be an asset and advocate...
Divorce is oftentimes an expensive endeavor. Some individuals are able to ease the burden associated with marriage dissolution by successfully seeking alimony, while others may see their financial stability eroded by orders requiring them to pay spousal support. If...
While divorce can be fraught with emotions, it can also be wrapped in financial uncertainty. Property division could leave you on edge, not knowing which assets you’ll receive and which ones you’ll lose, and the amount of child support that is ordered can have a...
Recently on the blog we discussed some of the general aspects of alimony in Delaware. You can find that post here. As you can see from that post, there are a number of factors that can come into play when a court determines whether alimony is appropriate and, if so,...
