How to Modify Alimony Payments
Wednesday, May 20th, 2020
When a divorce is finalized, there may be an award of spousal support known as alimony. After time passes, one of the parties from the divorce may want or need to modify alimony payments. The first step to determining if the alimony payments can change is to determine the type of alimony awarded in the […]
Read More »Can I Get My Ex to Pay for My Divorce?
Wednesday, January 8th, 2020
The cost of divorce is important to consider before beginning the process. While there are ways to lower that cost, many people wonder, “Can I get my ex to pay for it?” The short answer is: yes, though it depends on your situation. FIVE INSTANCES IN WHICH YOUR EX-SPOUSE MAY HAVE TO PAY UP 1. […]
Read More »Health insurance during and after divorce
Tuesday, November 19th, 2019
During the course of a marriage, one spouse often carries the health insurance for the entire family. After a marriage ends, one factor that affects child support has to do with which parent provides health insurance for the minor children. Health insurance impacts other areas when going through a divorce, too. After a divorce, a […]
Read More »Online ordination, common law marriage and palimony
Wednesday, May 1st, 2019
In order for a marriage to recognized as legal in the state of Tennessee, it must be presided over by a statutorily authorized person and the parties must obtain a marriage license. Recently, however, it was decided that online-ordained ministers will no longer be included on that list of authorized people. Tennessee does not recognize online […]
Read More »Post Divorce Budgets
Tuesday, April 30th, 2019
Budgeting income and expenses during and after a divorce can be tough. Held Law Firm works with clients to create solid post divorce budgets to help reduce that headache. Budgeting helps our clients prepare for the next stage of their life and find where they can cut costs. Or, they may find they have more […]
Read More »Tax Changes and Divorce Planning
Saturday, November 10th, 2018
We’re entering a “new era” of divorce planning because of the Tax Cuts and Jobs Act (TCJA) of 2017. Rose Swanger, CFP®, RICP®, CDFA®, EA explains, “for new divorces that are finalized after Dec. 31, 2018, all alimony payments will be treated like child support payments, which are not deductible. Before, the alimony payor could deduct the amount of their alimony […]
Read More »The Impact of the New Tax Law on Alimony
Wednesday, April 4th, 2018
The new tax law has a tremendous impact on family law because of the change in status of alimony tax payments. Alimony is support paid by one spouse to another as a result of a divorce or separation. Under current federal law and through December 31, 2018, alimony may be a taxable event and is […]
Read More »My source of alimony just retired, what now?
Sunday, October 1st, 2017
Especially in a marriage of long duration, one spouse or the other is often going to be required to pay alimony in futuro – that’s a monthly alimony payment of a specific amount, payable to the other spouse for the indefinite future. The amount of the alimony paid depends on certain factors – you can read about […]
Read More »Why Alimony is the Last Question Answered in a Divorce
Sunday, September 24th, 2017
In a divorce, the Court is required to answer four questions: 1. On what grounds is the divorce going to be granted? 2. How is the property acquired during the marriage going to be divided? 3. How is time with the children going to be split? 4. What ongoing support is going to flow from one party to the […]
Read More »16 Questions that Determine Your Alimony
Wednesday, May 17th, 2017
Getting divorced is one of the biggest financial adjustments for any family, and it is often the case that one spouse is going to have to pay the other spouse some amount of money, called alimony. To determine whether you are going to get any alimony, and if so, what type and how much, the […]
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