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Tag Archives: Florida Alimony

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Can Living with Someone Jeopardize Your Alimony?

By Donna Hung Law Group |

Divorce is a shock to a person’s finances, and one way some spouses with limited resources bridge the transition into singlehood is through spousal support or alimony. Alimony is, by and large, a temporary, but essential, form of financial assistance that many former spouses need until education and/or more secure employment is obtained. Alimony… Read More »

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Tax Bill Would Repeal Income Tax Rules for Alimony Payments

By Donna Hung Law Group |

Amidst all the concerns of divorce, the tax consequences of property settlements and the payment of alimony are not commonly on a spouse’s radar. Property settlements can result in significant tax liability if not correctly structured, thereby reducing the real value of the acquired assets. When it comes to alimony, the party who pays… Read More »