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Alimony payments can create financial strain

Divorce can bring about lengthy financial arguments. In particular, one financial decision that can take a long time to work out is alimony or spousal support. Alimony refers to money paid by one spouse to another after a divorce. Massachusetts alimony laws changed just last year.

According to one report, Massachusetts alimony payments are now determined in a similar way to child support payments, using a formula. The new method in Massachusetts takes more aspects of a couple's finances into account and leaves open the potential for a spouse to not have to pay alimony forever. Other states are now in the process of reforming alimony calculations. The main topics under debate are how much alimony a spouse should have to pay and for how long.

When one member of a couple is required to pay large sums of money to the other spouse, it can become a strain on finances. One plumber in New Jersey, where alimony payments are under reform, states that he has struggled to make his weekly alimony payments to his ex-wife since business has slowed. The judge will not allow him to stop paying alimony temporarily, though.

Financial changes that occur as a result of a divorce can be very challenging. Adjusting to a changed income, child support payments, and alimony payments can put a lot of financial strain on a person.

To ensure that one's finances do not become impossible to manage after a divorce, consulting an attorney who is knowledgeable about alimony payments in Massachusetts may be a smart decision.

Source: Philly.com, "New Jersey struggles with the knotty issue of alimony reform," Joelle Farrell, Aug. 19, 2012

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