Category Archives: Financial Matters

How Does Adultery Affect Alimony Support?

Alimony, sometimes called spousal support, is a type of support payment from one spouse to another during or after their divorce. Alimony is awarded in situations where one spouse makes less than the other and is dependent on the other spouse. Alimony can be awarded by means of property or money. If money is awarded, it may be a one-time payment or installments. The way in which the amount is determined varies by state.

Alimony is used to provide the dependent spouse with money beyond that of child support, for things such as living expenses. It is paid until a court-ordered date or until the dependent spouse gets remarried, either spouse dies, or the court determines that dependent spouse has not made a reasonable effort to support him- or herself. Failing to pay alimony could have stiff penalties.

In Ohio, alimony is called spousal support. Unlike child support, no specific formula...
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Smart Advice: Child Support and Loss of Employment

At the peak of the Great Recession the unemployment rate in the United States was a whopping 10%. This rate has slowly decreased and currently stands at 5.3%. This is a big improvement, but more than 8 million Americans are still unemployed.

A child support order will not stop if you lose your job. If this happens to you, and you are among the country’s 14.4 million non-custodial parents with a court order to pay financial support, there may be more on your mind than just finding a new job. The thought “How am I going to pay child support when I have no income?” may have occurred to you. The most important thing about dealing with child support while unemployed is to cope with the situation promptly.

Your first inclination may be to explain the situation to your former spouse and come up with an informal agreement that allows you...
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Rising Divorce Rates for Ages 50 and Older Pose Unique Challenges

If you were divorced at the age of 50 or older, you are among a growing trend of older couples that are calling it quits at a later time in their lives. That is what a research study at Bowling Green State University (BGSU) concluded. In 1990, fewer than 10% of couples that divorced were over the age of 50, compared to the more than 25% that occurred in 2010. While divorce among other age groups has leveled off or declined, the BGSU study indicates that the number of people ages 50 and older that decide to end their marriages will continue to climb by as much as one-third, even if divorce rates among other age groups remain unchanged. Couples who divorce later in life do so for similar reasons to their younger counterparts – infidelity, abuse, financial security, and regrets about getting married too quickly. The diminishing social...
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