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Spousal maintenance – or alimony – is a divorce term that applies only under specific circumstances. When applicable, however, it can play a very important financial role. Knowing the basics when it comes to spousal maintenance can help you better understand your own case. Discuss your spousal maintenance concerns with an experienced Minnesota spousal maintenance attorney today.
In Minnesota, spousal maintenance is based on the recipient’s financial need, and this need can be categorized in both of the following ways:
Many states allow factors related to wrongdoing, such as adultery or financial improprieties, to directly or indirectly affect the spousal maintenance calculation, but Minnesota is not among them.
Most people are in complete agreement on one thing when it comes to divorce terms, and that is that retaining decision-making power between themselves is preferable to needing the court’s intervention. You and your divorcing spouse can avail yourself of every opportunity to negotiate spousal maintenance terms that are mutually acceptable.
When Minnesota courts make alimony determinations, they turn to a wide range of factors like the following, but they have no set calculation process:
Spousal maintenance can take two primary forms in Minnesota, including:
If the recipient of spousal maintenance remarries, the payments end automatically – unless there is a contractual agreement that says otherwise. Cohabitation with a romantic partner can have the same effect.
While alimony payments used to be deducted from the payor’s income and were considered the recipient’s taxable income, the federal tax roles have been reversed. The recipient is no longer taxed, and the payor no longer receives a tax deduction.
The knowledgeable Minnesota spousal maintenance attorneys at Atticus Family Law have the resources, years of experience, and drive to help guide your case toward a favorable resolution that honors your rights and best interests. Learn more by contacting us today.
May 16, 2023
Apr 25, 2023