Spousal Support and Alimony Pendente Lite:
These are forms of support for a spouse from the date of separation until a divorce decree is obtained. These calculations are based on a formula outlined in the law. It is important to make sure that the formula was correctly applied and that you have optimized any potential deviations from the formula. The attorneys at Voelker & Colton, LLC will review your income to make sure it is properly calculations and your deviations are maximized.
Alimony is support for a spouse after the divorce decree. Alimony is based on the reasonable needs of the parties and is determined in conjunction with the property distribution. Attorney assistance is important in the calculations of income and preparation of budgets for Alimony.
The tax consequences of alimony, spousal support and alimony pendente lite change effective January 1, 2019. Be sure to consult a lawyer about whether it is beneficial to enter into an agreement about any of these types of support before or after the change.