Understanding
Alimony is the payment made by one spouse, the “payor” spouse who must have the ability to pay, to the other “recipient” spouse who must need support in order to meet his/her basic needs. One purpose of alimony is to allow both parties, post-divorce, to maintain the lifestyle the parties enjoyed during the marriage. This […]
Understanding Postnuptial Agreements Post-nuptial agreements are contracts entered into after marriage by couples to create a clear understanding of the management and control of their finances and assets to create a happier marriage. Spouses cannot, however, create a post-nuptial agreement as part of divorce planning or in the anticipation of divorce. Post-nuptial agreements are meant […]