Alimony is effectively a distribution of income from one spouse to another in a divorce. It tries to alleviate any inequity in income earned by each spouse. There are “rule of thumb” equations to estimate alimony. However it is difficult to assess a global...
The financial adjustment to divorce commonly gets pushed to the back-burner as the process unfolds. This is understandable given the emotional toil and the nature of “putting out the fire immediately in front of you.” However a divorcee’s long-term...
Divorce doesn’t eliminate the concerns you insured against as a married couple. In fact new needs are generated. The child support-paying spouse may be the noncustodial parent, but he/she will still want to ensure the children’s basic needs are met and provide...
