Topics: Divorce - 61 results

Alimony is money paid by one spouse to the other after a divorce. Today, it is often referred to as “spousal support.”  In most states, permanent spousal support is usually awarded only when one spouse has been economically dependent on the other spouse for most of a long marriage. Alimony laws in most states still allow for permanent awards, though former spouses can generally seek to modify the terms in court. In 2011, Massachusetts eliminated permanent alimony arrangements, and Florida …

Basketball star Steve Nash is hoping to get out of paying child support for his three children, claiming that his ex-wife has enough money already and would spoil them with extravagent gifts. Nash currently plays point guard for the Los Angeles Lakers. He is best known for being the catalyst of the high-scoring “seven seconds or less” Phoenix Suns offense in the middle of the last decade, when he won two league most valuable player awards. He also spent six years …

  During a divorce, no good can come from bad-mouthing your spouse on Twitter or Facebook. Lawyers.com journalist Ed Alpern reports on how the tools of discovery in matrimonial cases have evolved. In the past, divorce attorneys gathered information using subpoenas for witnesses and documents. But now attorneys do a lot of investigation online. Divorce attorney Jacqueline Newman, a partner at Berkman, Bottger, Newman & Rodd in New York City, advises clients not to post anything on Facebook that they …

The ex-wife of former Los Angeles Dodgers owner Frank McCourt scored $131 million and four homes in her divorce settlement, but now she’s telling a judge that she’s been shortchanged. That’s because Jamie McCourt believed the Dodgers assets were worth about $300 million when her divorce was finalized in 2010. Two years later, Frank sold the team — for $2.15 billion. Jamie said that Frank committed fraud by representing the franchise as worth a fraction of its actual value, and …

In a divorce, assets and debts accrued during the marriage are divided. The most valuable marital asset is usually the house. The largest debt is usually the mortgage. Deciding what happens to the house is often complicated and fraught with emotion. If a house belonged to one spouse before the marriage, it usually falls outside the “marital assets” and remains the property of that person. The other spouse can be compensated for any increase in value he or she helped …