Many spouses from the baby boomer generation divided the responsibilities of a family by having one earn income outside of the home, aka the breadwinner, while the other stayed home with the children, perhaps while holding down a part time job to make ends meet. Flash forward 20 years and nearly 50 percent of couples […]
Alimony Tax Deduction Set to Change
Spousal maintenance, or Alimony as it is sometimes referred to, is a legal obligation to provide financial support to a spouse after a divorce or separation. Alimony, unlike child support, is decided on a case by case basis, either through the process of negotiating a divorce settlement agreement between the parties or by order of a […]
Wisconsin Spousal Maintenance
Alimony is referred to as spousal maintenance in Wisconsin. It is a payment one spouse makes to the other to reduce the financial hardship one may experience in a divorce. When making a Wisconsin spousal maintenance determination, Wisconsin courts will look at various factors to decide the amount and duration of payments to be awarded. […]