How Can a Financial Windfall Influence Alimony Payments?
If you've recently received an unexpected financial windfall, please read this to learn how we can help you protect your financial security.
Alimony, also known as spousal support or maintenance, is a payment that one spouse makes to the other after a divorce or separation. The purpose of alimony is to help the lower-earning spouse maintain a reasonable standard of living and adjust to the financial changes often triggered by divorce. Alimony can be a complex and highly-contentious issue in a divorce; therefore, it is advisable to consult an experienced Nassau County alimony lawyer who can protect your rights and interests and help you achieve a favorable outcome. The Law Offices of Eyal Talassazan, P.C. is on your side. Contact us today so we can get started working on your case.
Whether you’re looking to receive alimony or you’re wondering if you’ll have to pay it, you’d absolutely be best served with a competent Garden City divorce lawyer in your corner. The Law Offices of Eyal Talassazan, P.C. has decades of experience representing clients throughout Nassau County facing a wide range of alimony-related matters, and our firm is prepared to put that experience to work for you as well.
New York State passed Bill A7645-2015 in 2015 that set the duration and amount for permanent or temporary post-divorce spousal maintenance. An attorney can argue to ensure that payments are fair, but judges will also weigh a variety of factors, including the spouse’s age, the length of the marriage, the spouse’s ability to earn a living, and their health status. There are two general categories of spousal payment during and after divorce. These are:
Permanent spousal support: The traditional payment of funds as determined by a judge or in negotiations. The general income cap is $175,000 for post-divorce support.
Temporary maintenance: These payments occur during the petition for divorce process or to pay for a specific period of time.
An alimony order is a legally-binding agreement, however, life frequently changes for both spouses after a divorce, and sometimes, a significant change can make it impossible for one spouse to abide by an initial alimony agreement, or otherwise change or eliminate the need for alimony altogether. Some common instances that may warrant a modification to alimony are as follows:
As long as you and your attorney can prove that there has been a significant and continuing change in your financial circumstances, you will likely qualify for a modification to your initial alimony agreement.
Unfortunately, it’s not uncommon for ex-spouses to refuse to abide by the court-ordered alimony arrangement. If your ex is refusing to pay you the alimony you are lawfully owed, you should strongly consider hiring an attorney who can work to ensure the court enforces your alimony agreement. A court may take various actions against your ex to enforce your agreement, including the following:
The Law Offices of Eyal Talassazan, P.C. is experienced in all alimony-related matters and has worked with countless clients facing these issues over the years. If you need a seasoned legal advocate you can depend on, simply contact our firm today. Our consultations are free, so you have nothing to lose and everything to gain by simply speaking with a lawyer who can assess your situation, and, from there, devise a plan tailored to your needs.
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