Because you have several assets and a high income, you want to protect your finances during your divorce. While you may not avoid alimony, can you control how much you owe your soon-to-be ex-spouse? Forbes offers tips for making alimony work in your favor. You may...
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Alimony
How do I end alimony?
During your divorce, if the court orders you to pay spousal support, you may not get an end date. The court may leave it open due to the circumstances of your situation. The California Courts explain that the general rule is alimony lasts for half of the length of...
Alimony and the earning capacity of a spouse
A California judge will take a number of factors into account when determining how much a spouse should receive in alimony. These factors include the age of the spouses and the duration of the marriage. In addition, a judge will consider how much ability the receiving...
Life insurance may help guarantee spousal and child support
Divorce requires California couples to agree on key financial issues like alimony and child support. However, detailed financial arrangements can turn upside down if the paying spouse dies before fully satisfying his or her obligations. We have helped people plan for...
Are you aware of California’s palimony law?
Palimony refers to the property and “spousal” support some unmarried people receive from their live-in partners when the relationship ends. FindLaw recounts that California was the first state to pass such a law. It came about as a result of the infamous 1970s legal...
Common myths about spousal support
Divorce settlements often include spousal support, or alimony, to balance out uneven earnings between each party. Like many aspects of divorce, you can try to predict how much alimony you’ll pay or receive ahead of your court date, but a judge ultimately decides...
How does spousal support work in California?
Spousal support, commonly called alimony, often causes contention in divorce proceedings. The judge may order one spouse to pay the other spouse a monthly payment for a specified time period. Before moving forward with a divorce, understand the spousal support process...
The role of life or disability insurance in alimony
When California spouses have unequal incomes or earning potential, a divorce court order might include spousal support. This might result in a permanent obligation for one former spouse to pay the other former spouse or a temporary support arrangement known as...
Courts have wide discretion regarding alimony
The way alimony is determined in California is different than the way child support is determined. In deciding on the specifics of spousal support, the court has wide discretion. Courts might consider factors like the emotional state, financial condition, physical...
Alimony, child support and bankruptcy
If parents in California are struggling to keep up with child support and alimony payments, they are not permitted to discharge those debts in bankruptcy. The wages of a parent who does not pay child support could be garnished. The parent's credit could also be...