Does alimony change if income changes?
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Does alimony change if income changes?
If a spouse receiving alimony has a substantial increase in income, the payor can request a downward modification of support based on the change of circumstance. An increase in income is not the only reason one can modify support due to changed circumstances.
How does retirement affect spousal support?
Effect of the Payor's Retirement. When a payor retires, his or her income may be significantly reduced. If the payor reaches full retirement age, or retires involuntarily, such as for medical reasons or being forced out of a job, then a court may consider it reasonable to reduce or terminate spousal support.
Do I have to support my wife after divorce?
In short, there is a common law duty imposed upon spouses to support each other whilst the marriage/civil partnership exists but what many people aren't aware of is that the duty continues after separation as a result of statute. There is no automatic entitlement to spousal maintenance on divorce or dissolution.
Can I get my alimony reduced?
You will Need to Show a Change In Circumstances and Obtain a New Alimony Order. If a court accepts the reduced amount, a judge will issue a new alimony order. If you can't agree, then you'll need to ask a court for help. A paying spouse who can no longer afford alimony must prove why the reduction is justified.
