As anyone who’s gone through a divorce can tell you, the process is rarely easy. Tensions run high, and couples often make poor decisions in the heat of the moment. Given the mountain of financial, practical and emotional details that have to be sorted, it’s not surprising so many couples wind up making critical mistakes […]
If you’re facing a divorce, you’ll have to face reality: Alimony payments (monthly support payments one divorced spouse pays the other) are alive and well in the American divorce system. And if you earn substantially more money than a spouse to whom you have been married for several years, there is a good chance you will be ordered to pay some alimony. On the other hand, alimony generally isn’t awarded for short marriages or where you and your spouse earn close to the same amount.
In family law, the terms “separation” and “legal separation” have different meanings. An informal separation means that you and your spouse have decided to live apart without any intervention by the court. A legal separation occurs after a court proceeding in which the judge issues an order granting the separation. This formal separation legally changes […]