If you and your spouse have been talking about getting a divorce and the holidays are upon you, experts recommend waiting until after the festivities are over to begin the process or announce it to family and friends. In fact, studies show that January is a very popular month for divorce filings in New York and around the country.
The end of the year will be here before you know it, and when we say goodbye to 2018, the new federal tax law goes into effect.
Spousal support, which you may hear called alimony, is one form of support ordered during a divorce by a New York court. Regardless of whether you will receive or pay it, it is helpful to understand how the court calculates it. The different factors the court considers will allow it to properly formulate how much you may pay or receive and for how long.