Reviews

Reginald Black

Feb 20, 2017

I can\'t say enough about Kathleen Gingrich. I needed her services at a very difficult time in my life. ...

Deb Hoffert

Feb 08, 2017

I can not say enough great things about this law firm. Everyone is extremely knowledgeable, professional and above all else ...

John Arena

Feb 01, 2017

Peter Russo and the staff at his firm have handled my personal and professional business for almost a decade. His ...

rick scott

Feb 01, 2017

Peter was easy to work with and handled my case first class. He was knowledgeable about my case (possible age ...

Jenn Spears Brenize

Feb 01, 2017

Peter is extremely knowledgeable and aggressive, yet even-tempered. He is professional, diligent, and compassionate, and responsive to his clients\' ...

Cliffeton green

Oct 30, 2018

Very professional knows what he\'s doing. Very good with people.

Karen Young

Oct 30, 2018

Mr. Russo gives very solid business guidance. He clearly understands the law but, more importantly, the needs of a business ...

Heather E Steavens-Jones

Oct 30, 2018

If you want a lawyer to give you guidance with your interests as a priority then Pete Russo is the ...

Tami Johnson

Oct 30, 2018

Pete and his team were exceptional in helping my husband and I buy our first small business. Couldn\'t have ...

Lori Keim

Oct 29, 2018

Peter is knowledgeable, caring and honest. I have found his advice to be more focused on what is right for ...

Review By:

The importance of keeping an open mind about alimony

When a person makes the difficult decision to pursue a divorce, it’s likely that they will experience everything from sadness, guilt and anger to anxiety, relief and, finally, acceptance.

While this is to be expected given the years invested and the many changes that a divorce will bring — particularly if children are involved — experts indicate that it’s important for people in these situations to not let these emotions cloud their judgment when it comes to money matters.

To illustrate, many claim that both men and women may become fixated on the idea of securing alimony from their former spouse during negotiations. While this certainly understandable if a spouse has been out of the workforce for many years, sacrificing their career to raise children or advance the career of their soon-to-be ex, experts urge people in this position not to focus on alimony to the exclusion of self-reliance.

That’s because they point out that alimony isn’t necessarily the reliable source of income people think it to be.

For instance, a former spouse could elect to stop making payments despite their outstanding legal obligation, creating something of a legal and financial nightmare for the spouse relying on these payments. Similarly, a former spouse could lose their job, become disabled or even die (leaving behind inadequate life insurance).

Finally, experts argue that alimony rewards can be subject to a set amount or duration, meaning this source of income won’t last forever.

What then can a spouse do to protect themselves during negotiations?

Experts indicate that spouses should, of course, pursue any alimony to which they are otherwise entitled under state law, but also consider seeking a provision calling for a set sum to cover education and/or skills training that will enable them to increase their value on the job market (a sort of rehabilitative alimony).

This, in turn, could serve to grant them both financial autonomy and, more importantly, much-needed peace of mind about their financial future.

If you would like to learn more about divorce or divorce-related issues — child custody, child support, alimony, property division — consider speaking with an experienced legal professional who can answer your questions, explain the law and outline your options.

Source: ABC News, “How women can keep from making themselves victims in divorce,” Laura Mattia, Sept. 4, 2014