Tag Archives: maintenance

How Can I Reduce My Maintenance Payments: Should I Pre-Pay Maintenance?

A client recently asked me an interesting question. The client wanted to know if he should pre-pay his spousal maintenance, giving his wife a large cash payment upfront, or should he pay the maintenance out over the course of the term. What is Maintenance? Maintenance, or as it is better known, alimony, is a payment…
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Spousal Maintenance and the “Tax Man”

Divorce sometimes has its bittersweet moments. That certainly applies to payments of spousal maintenance for both the payer and the recipient because of the tax implications. For the party making maintenance payments, the bitterness of parting with your income is sweetened by the fact that the payments are generally tax deductible. This is true whether…
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