Is the bad economy forcing any divorced spouses to try to reduce their child support and alimony payments?
Absolutely. In this day and age the family courts are swamped with Lepis motions that are requesting to reduce alimony and child support payments. When a couple reaches a divorce agreement, they are hopeful that after many months if not years of fighting, their financial matters have finally been settled. At this juncture, both spouses are hopeful that they can live the rest of their life in peace. However, the economic crash has thrown a “monkey wrench” into many of these well intentioned divorce settlements. Many divorced spouses are now forced to go back into court and to try to reopen or renegotiate the terms of their divorce settlement. Many divorce spouses have lost their jobs, been downsized, or have been forced to take a lesser paying job because it was the best one available. Life in these hard economic times can throw you a lot of curve balls. As a result, any competent lawyer must advise their matrimonial client that in all likelihood they will have to deal with a Lepis moti
Related Questions
- I was divorced in 2010, and have made monthly child support payments to my ex-spouse since the divorce was final. May I claim that child that is in his/her custody as my dependent for tax purposes?
- My ex recently quit his job and is seeking to reduce child support and alimony payments. Can he do this?
- Are stock grants considered in determining child support and alimony payments?
