Alimony

Avoid a Wealth of Errors in High-Asset Divorce Divorce is hard for almost anyone. Consider a high-asset or high-wealth family and the complexities of divorce immediately escalate. The division of assets can be complex for even the smallest of estates. Still, if there are significant assets, business interests, or more, both parties are sure to […]

What is Alimony? Alimony, often called spousal support in South Carolina, is a court-ordered payment from one spouse to another following a divorce and sometimes throughout the divorce process. Spousal support is meant to help ensure that either spouse isn’t left with financial duress and that they can both maintain the level of security, within

Currently, unless the parties agree otherwise, the person paying alimony can deduct their alimony payments and the person receiving alimony must claim the payments as income on their taxes.  With the new tax plan, beginning Jan. 1, 2019, the spouse paying alimony cannot deduct the payments, and the spouse receiving the money no longer has

Beginning Jan. 1, 2019, the paying spouse will not be allowed to deduct his or her alimony payments.  Likewise, the spouse receiving the payments, will not be required to report the alimony payments as income. So, what does this look like math-wise? Show me the math. Imagine high-earning Spouse A now pays and deducts $30,000

Should You Have Your Alimony Recalculated? With the new tax law, the person paying alimony will not be allowed to deduct the payments after Dec. 31, 2018.  Likewise, the person receiving alimony will not have to claim the alimony payments as income.  This new tax law change could have huge effects on the payor and

In South Carolina, there are four types of alimony: permanent periodic, rehabilitative, lump sum, and reimbursement alimony. All types of alimony contemplated by statute are modifiable and terminable. The family court may impose whatever “terms and conditions” on an alimony award “as the court may consider just, as appropriate under the circumstances.” S.C. Code Ann.

Will I have to pay alimony forever? Some people are ordered to pay alimony or spousal support. They often ask, “When will my alimony stop?” If either the person paying or receiving alimony dies, alimony stops. If the person receiving alimony remarries, alimony will stop under most circumstances. Alimony can also stop if the person

What is mediation and why is it important? Mediation is required in family court in South Carolina. Attorney Rhett Burney describes to us what mediation is like and why it’s a good alternative to a lengthy divorce or custody legal battle. Rhett has been a certified family court mediator for over 10 years and has