Deductible Alimony Disappears in 2019

Deduction of alimony ends soon for new divorces One of the changes brought about in the recent tax reform act was the elimination of the ability to deduct alimony payments starting in 2019.  Under current law, alimony payments are deductible by the payor and taxable to the payee.  Alimony that is in effect, or goes […]

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Lifestyle Analysis in Divorce

Why do you need a lifestyle analysis? In North Carolina, when considering the amount, duration, and manner of payment of alimony, the court considers 16 factors, one of which is the standard of living of the spouses established during the marriage.  If you’ve hired an attorney, one of the things he or she will ask […]

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Why Alimony Exists

Why alimony exists Alimony has been around for a long time.  The original theory of alimony was that women were not able to support themselves and thus needed to be supported following the marriage.  Since the time that women have been able to own property and support themselves, alimony has been evolving and now the award […]

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