Tuesday, September 6, 2016

Is alimony an issue in your divorce? How to negotiate alimony with your spouse?

Taking an alimony dispute to court before a judge can be an expensive and daunting proposition. Moreover, leaving the matter to the court will mean that you are allowing a third party to make a decision about your future on your behalf. Therefore, if you find yourself in such a situation, it is prudent to make an attempt to negotiate a fair settlement with your spouse.

If you have reached a roadblock on issues such as alimony and child support then you can seek to solve them through mediation or collaborative divorce. In many case divorce lawyers in Cobb County, GA recommend that you hire a financial planner who will evaluate your income and expenses and help determine your future needs in terms of finances. 

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Evaluate the Financial Resources of Your Spouse

For the most part, to be able negotiate alimony effectively you need information about your spouse’s financial situation. In a majority of cases both partners are already aware of the other’s financial situation. Moreover, divorce proceedings require spouses to divulge their financial information in a detailed manner.

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This declaration is critical because it determines the ability of the paying spouse to pay alimony and the financial needs of the receiving spouse. If you believe that your spouse isn’t being honest then you must try to seek additional information about your spouse’s financial situation.

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Divorce attorneys in Georgia reiterate that it is critical to be aware of your spouse’s monthly income and expenses. This information can prove vital in any divorce dispute. Your spouse is supposed to furnish a list of expenses in the disclosure form so make sure to evaluate the form carefully.

If you find that your spouse is spending $500 on daily dinners when you cannot afford anything more than ready to eat microwave meals then point that out to the judge to increase your alimony. 

Likewise, if your partner has large separate assets but demands excessive spousal support from you then point that out to the judge as well.

Also keep in mind that your spouse may earn bonuses, benefits, and overtime. These elements are often not predictable so you can calculate your share based on an average over the last few years. In addition, consider stock options, and other work related benefits such as unused vacation and sick pay, explain Cobb County, GA divorce lawyers.

Evaluate Your Needs

It is paramount to compare your income and expenses and make an effort to determine how much more you need to live a comfortable life. Remember that living expenses continue to rise, because of higher minimum wage laws, higher taxes, and so on, so there ought to be a provision to increase your alimony on a yearly basis.

If alimony is a contentious issue, make sure to involve a Georgia divorce lawyer. Your legal representative may either work out a solution or may refer your case to a professional financial planner. This will help avoid costly court battles.  

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