Tag Archives: spousal support


Posted 1 year ago in Divorce by Josh Crank  
Lawmakers Seek to End Permanent Alimony

The promise of “‘til death do us part” obviously doesn’t apply for divorced couples, but in most states, it can still apply to the financial obligations of the bread-winning spouse. Most family courts have the option of ordering permanent alimony payments to a divorcing spouse. For spouses who forfeited career opportunities to raise children, this can be a critical lifeline. For other exes, it can be a cushy way to maintain a comfortable standard of living without seeking financial independence. …

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Posted 1 year ago in Divorce by Josh Crank  
No Prenup Could Cost Oil Tycoon Billions in Divorce

Had oil tycoon Harold Hamm known back in 1988 he would grow up to be America’s 32nd richest man, he might have asked his fiancee Sue Ann for a prenup. Instead, 25 years after their conditionless Las Vegas nuptials, the Hamms are negotiating a divorce settlement that could blow away the $1.7 billion record set by media mogul Rupert Murdoch and his second wife Anna in 1999. Sue Ann Hamm could walk away with more than $3 billion, placing her …

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Posted 1 year ago in Child Custody and Support Divorce by Sylvia Hsieh  
Real Housewife Porsha Stewart Wins Temp Support from Ex Kordell

Real Housewife of Atlanta Porsha Stewart, and soon-to-be-ex-wife of former NFL player Kordell Stewart, won a court order for $5,000 per month in spousal support. But Kordell is fighting back, claiming his wife of less than two years, is an “an able-bodied person earning income and able to support herself.” Kordell filed for divorce on March 22. According to Porsha, she was blindsided by the filing and Kordell changed the locks on their home without telling her. Georgia Superior Court …

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Posted 1 year ago in Divorce Your Money & The Law by Janet Raasch  
Are You Stuck with Your Alimony Payments?

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 …

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Posted 2 years ago in Divorce Your Money & The Law by Michele Bowman  
Divorce Over 50 Can Drain Your Retirement Savings

More older Americans are getting divorced, and as a result more people are faced with dividing up retirement accounts at the end of a marriage.   Special Financial Issues People are living longer and social mores about divorce have relaxed, says Bari Weinberger, a family lawyer with the Weinberger Law Group in Parsippany, N.J. That has resulted in more older people seeking divorces. She adds that more women are exiting their marriages after their children are grown because they feel …

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