Alimony assignments are one of the more stressful parts of divorce proceedings.
The outcome of the agreement can affect the lifestyle and financial comfort of both spouses.
Despite the title "permanent alimony," the assignment of alimony can be overturned when the situation of one or both spouses changes dramatically.
Economic fluctuations, changes in health, and personal lifestyle choices can have a direct effect on alimony determinations, and in the years after a divorce, these situations may change.
Minor adjustments to any of these areas will not necessarily result in a modification to the amount of alimony paid, but if it has a large scale effect on the lives of the former spouses, it can be deemed worthy of a change.
One of the situations that can lead to a decrease in alimony is the unexpected loss of a job or income of the supporting spouse.
This can be due to a lay off or inability to work because of health restrictions.
Another reason for a change in alimony payments is if the supported spouse receives a substantial increase in their income.
If they become more financially independent, the supporting spouse can file to decrease their alimony payments.
Also, if the supported spouse begins to cohabitate with a person of the opposite sex, they may become ineligible for full alimony payments.
In many cases, this will remove the obligation of alimony completely.
Divorce can be a complicated process.
If there has been a recent change in the life of you or your former spouse and you think you may be eligible for a decrease in your alimony payments, contact an experienced legal professional for guidance.
The outcome of the agreement can affect the lifestyle and financial comfort of both spouses.
Despite the title "permanent alimony," the assignment of alimony can be overturned when the situation of one or both spouses changes dramatically.
Economic fluctuations, changes in health, and personal lifestyle choices can have a direct effect on alimony determinations, and in the years after a divorce, these situations may change.
Minor adjustments to any of these areas will not necessarily result in a modification to the amount of alimony paid, but if it has a large scale effect on the lives of the former spouses, it can be deemed worthy of a change.
One of the situations that can lead to a decrease in alimony is the unexpected loss of a job or income of the supporting spouse.
This can be due to a lay off or inability to work because of health restrictions.
Another reason for a change in alimony payments is if the supported spouse receives a substantial increase in their income.
If they become more financially independent, the supporting spouse can file to decrease their alimony payments.
Also, if the supported spouse begins to cohabitate with a person of the opposite sex, they may become ineligible for full alimony payments.
In many cases, this will remove the obligation of alimony completely.
Divorce can be a complicated process.
If there has been a recent change in the life of you or your former spouse and you think you may be eligible for a decrease in your alimony payments, contact an experienced legal professional for guidance.
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