What are the tax implications of spousal support?
Spousal support payments are generally taxable to the recipient and tax-deductible to the payor. However, there are some exceptions to this rule. For example, if the couple files taxes jointly, then the tax implications will be different. Therefore, it is important to discuss the tax implications of spousal support with your Los Angeles spousal support lawyer before agreeing to any payments.
How long does spousal support last?
The length of time that spousal support payments will last will depend on a number of factors, including the length of the marriage, the age of the spouse receiving support, and the earning capacity of each spouse. In general, however, spousal support payments will last for a shorter period of time if the marriage was shorter or if the spouse receiving support remarries. To get more information on spousal support contact Land Legal Group a family law firm in Los Angeles.
What is the difference between temporary and permanent spousal support?
Temporary spousal support is typically ordered when a divorce is pending and will continue until the divorce is finalized. Permanent spousal support, on the other hand, is typically ordered after the divorce is finalized and does not have a set end date.
Can spousal support be modified in Los Angeles?
Yes, spousal support orders can be modified under certain circumstances. For example, if the spouse receiving support gets remarried or starts cohabitating with a new partner, the court may modify the spousal support order. If there is a change in either spouse's income, the court may also modify the spousal support order.