Alimony is Subject to Change

In all but Nevada, alimony is subject to modification, up or down, if the circumstances of either the payor or the recipient warrant such change. Usually, this change has to be what is termed “significant.”

For example, if the recipient of permanent alimony wins a  $10-milllion lottery prize, the payor of the alimony may well request a reduction or termination of payments. However, if the payor won big on the lottery, the former spouse cannot request a slice of the pie because the law does not entitle a former spouse to a share of the post-divorce good fortune of the payor.

Alimony payors may argue for a reduction in the face of long-time (six or more month unemployment), a mental or emotional disability causing unemployment, external changes in the market, or “good faith” retirement.

About Editorial Staff

The Divorce Source, Inc. Editorial Staff consists of a team of divorce experts who are responsible for the ever so valuable content that is delivered through the Divorce Source Network. The members of the editorial team share the company's "passion for a better divorce" philosophy by providing as much divorce related information, products and services to help those who are contemplating or experiencing divorce.
This entry was posted in Spousal Support. Bookmark the permalink.

Comments are closed.