When going through a divorce, one of the many tricky elements to navigate is establishing spousal support. Determining the amount to be paid from one spouse to another depends on a wide variety of factors that are set forth in the Ohio Revised Code.
Ohio residents who are considering a prenuptial agreement may want to keep in mind that one man was required to pay alimony to his wife despite having signed such a document because she was an immigrant. A court ruled that as her sponsor, he had to continue to support her.
Paying alimony after retirement can become increasingly difficult without an income besides the proceeds from your retirement account. On the other hand, the spouse receiving alimony may need that money more than ever as they age and become increasingly infirm.
Following divorce, many former spouses remain cordial, even friendly. Though the divorce itself was painful at times, often exes are able to maintain a relationship, if only for the sake of the children.
Divorce is a huge adjustment for everyone in the family, both emotionally and practically. Once someone files for divorce, it is common for one spouse or the other to move out of the family home and set up a new household.
While negotiating with your spouse about whether one of you should pay spousal support to the other, one factor you should consider is the tax implications. Those who have never paid or received spousal support before may not realize that it could affect their income tax bill, either positively or negatively.
Whether or not you pay or receive child support or alimony as part of your divorce order will have implications beyond the size of your bank account. Single, married or divorced, income tax time will come. And the terms of your divorce may affect how much you are expected to pay.
As in most other states, there are many factors for the court to consider when an Ohio spouse going through divorce requests spousal support, also known as alimony. Among the things a judge will consider when deciding whether to award alimony is each spouse’s relative education.
Spousal support payments are not necessarily set in stone in Ohio, but neither may the former spouse making the payments just decide to stop unilaterally. There is a legal process in which spousal support, also known as alimony, can be modified. Exes can ask the court to adjust the amount being paid, or other important terms of the original order.
Though it is common in Ohio for both spouses to work outside the home, a lot of other couples agree to have one spouse be the sole breadwinner, while the other takes care of the home and does the majority of the child-rearing.