Alimony is an incredibly important part of family law. It helps people who made certain sacrifices during marriage, or require a certain financial footing to live their life, to move on after a divorce. If alimony is awarded in your divorce, whether you are the paying spouse or the receiving spouse, there are some specific steps you will want to take in order to ensure you are properly keeping track of your alimony.
Posts tagged "family law"
Sometimes a Maryland resident embroiled in a divorce can see a custody dispute coming from a mile away. The proceedings get contentious, neither side can agree to any term offered by the other side and both sides are fighting to gain child custody in any way they can. When it comes to this, some people just feel hopeless. That may be a factor for actress Kelly Rutherford, who is currently going through some serious ups and downs in her child custody dispute with her ex-husband.
Many of our married Maryland readers may know that property obtained during the marriage is known as "marital property." This property could include bank accounts, artwork or even retirement accounts. For many couples, the assets they obtain together are meant to support them and sustain them throughout their lives. In a divorce, however, these assets will be subject to property division in the absence of a prenuptial agreement.
Many of our Maryland readers are probably familiar with the annual listing by Forbes of the richest people in our country. There is usually an overall list of the richest people, as well as breakout lists by category, such as the richest athletes or movie stars. The most recent list of the richest Americans included Harold Hamm, who Forbes has reported is worth approximately $11 billion. Unfortunately for Hamm, he has made news headlines recently not because of his many accomplishments that landed him on the Forbes list, but for his impending high asset divorce.
Since Maryland legalized same-sex marriage recently, many of our readers are likely paying more attention to the types of issues which will inevitably spawn from that decision. After all, marriage - almost half of the time - leads to divorce, and divorce often leads to a child custody dispute.
When people get married, most do not think of what life will be like with their partner 10, 20 or 30 years down the road. Although our Maryland readers would think that most people get married believing that they will live "happily ever after," most people know that the current divorce statistics say that about half will be disappointed. Still, a divorce can be a new beginning, and for many that is just the opportunity they are looking for- a chance to put the past behind them and move on with life. However, some will encounter a legal obligation they never saw coming - alimony.
It seems like there were a great deal of celebrity family issues playing out in the news in 2012. From Tom Cruise to Kim Kardashian, it is clear that celebrities are not immune to the struggles the rest of us must endure. While bothersome at times, celebrity tabloid fodder often keeps family law issues top of mind for the rest of us. Celebrity divorce news can even provide us with examples of what to do and what not to do in every day legal situations.
Most of our Maryland readers have probably heard by now of the looming quarrel between superstar actor Tom Cruise and his wife Katie Holmes. The whole affair looks to be the quintessential high-asset divorce, with the high-profile couple worth millions of dollars. It is surely a sad and difficult time for the two, as the beginning of the divorce process is often the hardest part, with hurt feelings, hasty asset division and quick decisions to make regarding housing and temporary child custody arrangements. But anyone in Maryland who is thinking about divorce themselves can learn something from this couple's divorce as it plays out, and see similarities to their own potential situation.
Although Maryland residents probably know more about what happens in Washington, D.C. than most other Americans, many may not have heard of the new report that was recently announced by the White House Domestic Policy Council. The report, titled "Promoting Responsible Fatherhood," discusses two initiatives which could impact the child support structure across the nation.