Spousal support in Georgia
Athens GA Divorce Lawyer
Spousal support can be awarded permanently. It helps to "get people back on their feet" after a divorce. Even though spousal support is generally reserved for longer marriages and/or when one spouse earns substantially more than the other, it is not always the case. Spousal support is generally dependent upon the paying spouse's ability to pay and the receiving spouse's requirement for support.
Periodic spousal support includes alimony payments made at pre-determined times for a pre-determined amount of time.
Lump sum spousal support is a one-time payment of alimony, made payable in a lump sum. Many times the law looks at lump sum alimony as property division, which can affect its tax status. If you're going to make or receive a lump sum payment of spousal support, seek assistance of a lawyer.
Permanent maintenance is the payment of alimony for the duration of the receiving spouse’s life, made in periodic payments.
Rehabilitative spousal support is intended for rehabilitating the other party for a specified duration of time.
You should to consider the tax consequences of whatever kind of alimony you select. Typically, alimony is tax-deductible for the payor spouse, and taxable income for the recipient spouse. But, again, lump-sum alimony is often more complicated. Although if it may be expensive to hire an attorney, it may be well worth the cost.
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Spousal support in Georgia Athens GA Divorce Lawyer
Posted by
Michael Waddington
on Thursday, December 10, 2009
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