If you are about to get
married, you should know that you are in for a ride. It can be a good ride but
there are going to be complications and there are going to be things that you
both do not agree upon. If you have a look around, you will see that many
marriages do not last.
That does not mean you should not get married or you should get depressed about the situation of the world. No! You just need to be realistic and be prepared if you end up in a bad position. The best way to do this is with a prenup agreement so you can be sure that both parties are represented if a situation of separation arises. That is all.
You need a Prenup
Attorney in Minnesota and you will find one. There are a number of good
attorneys in the area and they will be able to help you find what you need.
They will set you both up with an agreement that you can both digest and be
comfortable with. Now is the time to make it happen.
This is going to be a
good marriage. You have to believe that. You are both taking steps to make sure
if anything goes wrong you can both handle it. That being stated, don’t you
think it is time to get a good attorney on your side? Think about the
implications and go with it. It only makes sense when you think about it.
There are many things
that can go awry in a marriage. As much as you love each other, that is a
wonderful thing to love but there are still snags in the road. The true test of
your marriage is in the fact of what you do together right from the start. You
will be doing the responsible thing by arranging a prenup agreement.
The agreement will set
you both up in such a way that you won’t get burned too badly if things do not
go as planned. You will be setting up a great way to make a long term
agreement. That is the right thing to do. Since it is the right thing to do,
you are in the right place.
You can decide
if you want a prenup or not. As with anything, you need to make the call
and understand that there are pros and cons to this decision. You will be
taking a risk to a certain degree. There can be issues that arise between the
two of you just for doing the agreement in the first place.
It is never easy to
look at a potential end to a relationship but it is the responsible thing to
do. So much can happen and it will blaze by in time. As it turns out, time
changes all things so you need to be prepared. After all, you have insurance,
right? With that in mind, you should get insurance on your relationship. Make
the right moves and get some legal help today.
Alimony is a sum of money paid by one spouse to another when a marriage ends and a divorce is finalized. The purpose of alimony is to help a spouse who may have been dependent on the other during the marriage. It is granted by a judge for a limited time, designed to help the spouse get on their feet after a marriage is legally desolved. Read below to learn more important facts about alimony that you may be interested in knowing if your marriage is soon to come to a divorce.
Hire a Family Law Lawyer
If you are ordered to pay alimony or suspect that your spouse
will seek alimony, or if you need support from your spouse and wish to seek
this help, it is ideal to speak to a Minneapolis Alimony Lawyer. An
alimony lawyer ensures that things are handled favorably from your needs. It
costs very little money to retain a lawyer. They’ll talk to you free of charge
to discuss your case to help you learn the many ways they can protect you or
help the case.
How Much Will You Pay?
A judge determines the alimony award amount that you will pay
to your spouse after a divorce. He uses several pieces of criteria to determine
this amount, including the income levels of both parties. Once the alimony
order is set, it cannot be changed or altered except in cases when parties
resolve the marriage. The order must be dissolved through the same court that
issued it in such a case.
Will I Pay Taxes on Alimony?
Alimony is not free money for anyone. Uncle Sam wants his
share of the cut. So, if you receive alimony payments from your spouse, you can
expect to pay taxes on this amount each year when you file. The amount that you
will need to pay depends on the total amount of money received during the year.
Make sure you learn the rules of filing taxes when you receive alimony payments
so you are not audited by Uncle Sam.
Is Alimony Reserved Only for Women?
Many people wrongly assume that only women can collect
alimony payments. The truth is, alimony is designed for men as well. Never assume that if you are a man you are
out of luck and cannot receive this money. The person who earned the greater
amount during the marriage is the anticipated person who will pay out alimony
to the spouse if it is sought in court. Men and women both may receive alimony
The Bottom Line
Alimony is designed to help a spouse who was dependent on the
other during the course of a marriage. It is not designed to give the person
more than what they started with. You may want to consider writing a prenup agreement before the
marriage to reduce the risks of being ordered to pay alimony or to ensure that
you receive some type of help in the event the marriage ends.