As a young person looking to get married, one thing you may want to know more about is prenuptial agreements and how one could help you avoid alimony in the case of divorce in the future. A prenuptial agreement isn't always easy to approach with your betrothed, but it's a good idea to discuss it before you get married.
Alimony is something that you may be able to seek during your divorce if you've been supporting your spouse through unpaid labor or if you are the lesser-earning spouse. There are a few different kinds of alimony, but the aim is the same. Alimony can help boost your income.
Prenuptial agreements provide many protections to those who want to get married. They can protect you from your partner's debts and protect your assets from them if you want to get a divorce.
If you're getting a divorce, one of the things you may want to do is avoid paying alimony over time. It can be difficult to pay alimony month after month, especially if there is no particular end date. Never knowing when you can sever the relationship with your ex is hard and disruptive when you want to move on.
The end of alimony has hit couples in Connecticut and is starting to make waves, according to a recent report. After an alimony deduction has been available for splitting couples for the last 75 years, it is now no longer available due to the Tax Cuts and Jobs Act of 2017.
When a couple divorces and children are involved, figuring child support is almost always a part of the process. It is based on different factors, such as who earns the most money, who has the children the most time and so on.
The way alimony is decided in a divorce proceeding varies by state. But the purpose is basically the same. Alimony is meant to help individuals that are going from a two-party household income to a single-party household income retain their standard of living. Awarding alimony to the individual with the lowest source of income helps to equalize the now separate households.
Connecticut doesn't have the highest number of divorces when compared against other states. Only 10.6 percent of the population are divorced according to the U.S. Census Bureau. But if couples in Connecticut are contemplating divorces, their attorneys may advise them to do it before the end of 2018.
In Connecticut, either spouse may be ordered to pay alimony depending on his or her circumstances. Alimony is granted on a case-by-case basis. It is not guaranteed in any divorce.
Despite how the modern world views male and female roles in a marriage, alimony is one thing most men refuse to request in a divorce. Many men feel ashamed to consider alimony, or they may feel like a failure as a man who is supposed to be successful and self-sufficient. Unfortunately, the negative connotations associated with male alimony have left many a Connecticut man in dire financial straits after divorce.