Alimony considerations for stay-at-home moms

| Mar 10, 2017 | Divorce

When it comes to a divorce, it can be particularly difficult for a stay-at-home mom. This is because many moms who have long stayed home with their kids have had little time to think about building the necessary experience and skills to re-enter the workforce if they ultimately have to. They’ve thought even less about building up a nest egg to support themselves should an inevitable divorce occur as well.

Stay-at-home moms who are served with divorce papers find themselves faced with a number of concerns. Most often, they are concerned with ensuring they have a roof over their head. They also wonder whether they’re going to be able to stay at home with their kids. Fortunately, there are a number of legal remedies in place by which women, who find themselves in such a predicament, can protect themselves.

Among these, perhaps the most ideal option is alimony. That being said, securing one’s right to it is much easier said than done. When it comes to the awarding of alimony, the amount awarded largely depends on the financial means of the two spouses whereas the length of time it is awarded for depends on the particular circumstances of the case.

That being said, in recent years, as women have become more and more involved in the workforce, amounts awarded have decreased. The time frame during which a woman is eligible to receive spousal support has gone down considerably as well.

In order to qualify for alimony, it’s important to be able to demonstrate need. Even then, though, changes in financial circumstances, a remarriage or the introduction of new kids into the mix by the recipient spouse may impact the ability of the spouse to continue receiving this type of support.

It’s also important to note that alimony is considered taxable income for the purposes of the Internal Revenue Service (IRS). With that in mind, some recipients of alimony elect to make quarterly tax payments in an effort not to have to make a larger payment when they file their taxes in April each year. Child support, property exchanges that occur as part of a divorce settlement and any payments toward communal property are all untaxed.

If you or someone you know is looking to request alimony of their ex, a Fort Worth divorce attorney can provide advice and guidance in your legal matter.

Source: FindLaw, “Tips for Stay-at-Home Moms in Divorce,” Christopher Coble, Esq., accessed March 10, 2017




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