Ohio alimony is dependent to interpretation and the impulse of the courts.
There are however creative ways to move the potential outcome in your favor. Alimony in Ohio is subjective.
Ohio Alimony can be difficult. It's one of the most contentious parts of a divorce.
Most men are fine financially supporting a wife when they're married, but get indignant having to financially support an ex-wife.
Why do the Ohio courts grant alimony? Generally to correct what the court perceives as a financial imbalance. Will you be subject to alimony?
If you make significantly more income than your wife and married for several years, chances are good you'll pay some alimony.
The amount of alimony and how long you'll pay is subject to your approach and the strategy you employ. There are always things you can do to eliminate or at a minimum reduce alimony.
Many men believe alimony is purely a monthly payment to your ex, when a "one-time" lump sum payment also is a option you can use.
Assets such as savings, real estate, 401K plans, and pensions also fall under the umbrella of alimony.
It's important you know that alimony and division of assets are typically linked, so sometimes you're better to "pay her off" instead of making monthly payments for years.
There are two types of alimony:
As for the best method, it depends on your situation. The point is to know your options and pursue the path best for your situation because everyone is different.
Don't make the mistake of not being aware of the available options, so get the facts and create a winning strategy.
By having a good strategy, it's possible to negotiate alimony close to zero!
Monthly alimony payments are tax deductible to you if you pay them them and are considered taxable income to the person who receives the money.
There may be some tax advantages to paying alimony, even if the judge in your case wouldn't award it to her.
You should get creative and negotiate alimony as a part of your divorce settlement.
Unlike child support, alimony is not regulated by law and is purely up to the parties to negotiate a deal. Failure to reach deal will result in a judge deciding alimony for you.
If this happens, your opportunity to negotiate a fair deal with your ex is gone, so you're now at the mercy of a judge. Make sure you have a plan to prevent this from happening to you.
To discover how to effectively deal with Ohio alimony and how to lower or even eliminate it, we suggest you take a look at Matt O’Connell’s best selling guide and its in depth look at Alimony:
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