Although “alimony” is still commonly perceived to be a man’s burden, more and more women are providing financial support to their exes during or after a divorce. A recent survey of the members of the American Academy of Matrimonial Lawyers indicates that 47% of American divorce lawyers have seen an increase in the number of women ordered to pay…
According to an ABC Action News report, at least three U.S. states have enacted, or are considering enacting, drastic changes to their spousal support laws. At the forefront of the reform trend (if three states a trend makes), is Massachusetts. The legislature there is changing state law to eliminate life time alimony, and to enact a formula by which…
Yes, you can. The rules for Fannie Mae state that if there is 12 months of payment history of the spousal support AND there is proof in the decree stating three more years of continuing spousal support from the date of closing, the spousal support may be used as income to qualify.
There can be exceptions…
