What is Alimony?
Alimony is the amount of money one spouse pays to another spouse as support. There is no static formula for awarding alimony. Alimony is based both on the need (which in some circumstances may translate into the standard of living the parties have become accustomed to) and the ability to pay alimony. Alimony is not awarded in every case.
The Court must consider the following factors in determining alimony, pursuant to Mass. Gen. Laws. C. 208, § 34:
- Length of marriage
- Conduct of parties
- Amount and sources of income
- Vocational skills
- Opportunity for future acquisition of capital assets and income
- Present and future needs of dependent children (if any)
Alimony is NO LONGER taxable to the recipient spouse and is tax deductible for the payor spouse.
Salem, MA Divorce Attorney John G. DiPiano is Experienced in Alimony and Asset Division
Massachusetts recently amended its alimony statute, and though many considerations remain the foundation for alimony determinations, the form of alimony, the duration of alimony, what income is and is not included in establishing alimony are all questions that must be answered in awarding alimony to one spouse. Attorney John G. DiPiano is skilled and experienced in handling alimony cases.
Prepare for your consultation
Many attorneys will typically ask clients to prepare a packet full of files for their first consultation, including tax returns, financial statements, information on marital property and more.
When you work with Attorney DiPiano, you can expect a different type of meeting.
An initial consultation with Attorney DiPiano is meant as an opportunity for you to get to know each other and define the issues that are most important to you, to provide information and education as to what you may expect from the divorcing process and to establish a plan for moving forward in a manner that is organized and cost-effective.
You can expect to discuss your needs as a client based on your individual situation, and will develop a tailored strategy that suits your case.
If you are interested in learning more about Attorney DiPiano’s approach to initial consultations, read this post.