Alimony, or spousal support, is a factor in many divorces in Providence, Rhode Island. The IRS shows that people received over $10.4 billion and paid over $12.6 billion in 2016. Until 2017, alimony was tax-deductible to the payer and taxable to the recipient. Tax...
Alimony
Understanding how a QDRO could affect you
Deciding how to distribute financial assets in a Rhode Island divorce proceeding can be complicated for some couples. One specific common issue with dividing assets is when one spouse has a significant retirement account. Contributions to the account for the duration...
Can an ex-spouse collect Social Security and alimony together?
The short answer is yes; Rhode Island residents should know that their ex-spouses can receive both Social Security benefits and alimony at the same time. The Social Security Administration governs supplemental income for those receiving benefits. Some considerations...
Facts about palimony in Rhode Island
Many people are familiar with alimony, but do you know what palimony is? Palimony is often misunderstood, and it's often confused with alimony. If your relationship with your partner is ending and one partner requires financial assistance, you'll want to know whether...
Are alimony payments tax deductible?
Alimony payments are legal agreements between former spouses or still married spouses undergoing a long separation. When a couple divorces in Rhode Island, the spouse with a lesser income commonly receives these support payments. How alimony is determined Many...
Why do I have to pay alimony in Rhode Island?
If you’ve never heard the term before, it can be hard to understand why you have to pay your ex-spouse any amount of money after you’ve divorced. Alimony is usually sought after when one Rhode Island spouse did the grunt of the household / emotional work while the...
Marital fault and alimony
Many Rhode Island marriages end because of misconduct such as domestic violence, abandonment, substance abuse, or adultery. One question that many people have is if they are still obligated to pay alimony to their ex-spouses when the latter were at fault. Another...
What income does the court consider for paying child support and alimony?
If you will pay child support, alimony or both due to your divorce, you want to ensure that the court looks at your income in a fair manner. In some cases, what you do not consider income, the court may. It helps to know the general guidelines for determinations....
Is alimony awarded in every case?
Alimony is a payment from one spouse to the other for continued financial support after the end of a marriage. The court does not always grant these payments in every case. According to the Rhode Island Bar Association, the court may determine you should receive...
Why do some alimony recipients take out life insurance?
Resolving how much you will receive in alimony may give you great relief. You might feel that your spouse will give you enough in support that should sustain your needs going forward. However, your alimony amount may not matter if your spouse were to die within a few...