How long does alimony last?

Alimony, or spousal support, is a court-ordered agreement in which one spouse must provide financial support to the other during or after a divorce. The goal of alimony is to provide for a spouse’s financial well-being until he or she can survive independently. If the...

What are some alimony alternatives?

One of the perks of a high asset divorce in Kentucky is that you have more assets to use in your negotiations with your spouse. This can be quite beneficial when it comes to paying alimony. According to Investor's Business Daily, finding different ways to appease a...

Have you answered these alimony questions?

If you are going through the divorce process, you may soon begin to think about your financial future. This includes a variety of questions in regards to property division, child support and alimony. Alimony, also known as spousal support, is a payment that one...

What payments are considered alimony?

For purposes of determining alimony payments to report on tax returns, the Internet Revenue Service provides some fairly specific breakdowns on what is and is not considered alimony support by the IRS. Child support, for example, is not considered alimony, while...