Does alimony exist anymore? (bankruptcy, calculate, company, money)
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I think perhaps I'm confusing alimony with spousal support. I do not believe that my state has any sort of code requiring spousal support, therefore we're not "an alimony" state.
It's the same thing. Look on your 1040, alimony is right there.
Alimony you pay is deductible, alimony you receive is taxable. It's a real thing in the US.
From what I've sadly seen among my friends, alimony tends to be awarded in the event that one partner sacrificed career and earning potential so the other could advance - usually mutually agreed upon for the good of the family. Upon the divorce, the partner who made the sacrifices faces the prospect of trying a build a career that they could have been developing for years - there is lost income, advancement opportunities, and retirement that they will never be able to make up. Someone that never had that potential, or has kept their career (or even any career), would have a harder time asking for alimony, but someone that did may have a case.
So basically the spouse who for years covered the sahs by providing the mortgage,health insurance,vacations,car,medical,food,utilities ,taxes,and all child expenses...is held to cover this spouse after the marriage is dissolved. Only in America ..
I do believe it's not given often to short term marriages .
The one seeking such provisions does get to go after 1/2 the ira/401k...
I am not married nor wish to have this monkey law involved in my livelihood. I feel it's an antiquated provision ...originated by an old system where women particularly could not own land or sustain a career as it was socially frowned upon...
Alimony is alive and well. My girlfriend gets it for life and she was only married ten years, no kids.
Child support is not federally mandated. I was divorced in a state court. The state court set my child support at the amount agreed to by myself and my then wife. The feds had nothing to do with it. It was all done under Alaska law.
So basically the spouse who for years covered the sahs by providing the mortgage,health insurance,vacations,car,medical,food,utilities ,taxes,and all child expenses...is held to cover this spouse after the marriage is dissolved. Only in America
Alimony is also awarded in cases (some, not all, I would presume) in which the spouse is severely ill for many years, and is medically disabled and cannot work to support themselves. I do not know if alimony is reduced to compensate for disability pay received from the government.
A.K.A. killing the goose that lays the golden eggs
My question had nothing to do about the alimony receiver killing the person paying the alimony. But if someone is awarded "alimony for life" and the person paying the alimony dies (illness, car accident, old age, whatever); does the alimony just stop?
I ask because "alimony for life" sounds like the judge assumes the person getting the alimony doesn't have the means to ever really support themselves. (Short term alimony assumes they can start a new life and support themselves.) So, in my scenario, if they don't have a means of supporting themselves, what happens when the payer dies and the money (supposedly) stops?
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