Alaska Alimony Trust in Lieu of Alimony and all Claims

State:
Multi-State
Control #:
US-02105BG
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement in which Spouse A (the spouse who is ordered by the court to make alimony and/or child support payments to Spouse B) must put assets (the principal) in a trust, from which the payments are made to Spouse B.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Alaska courts offer three types of spousal support: temporary, rehabilitative, or reorientation. How do you pay spousal support In Alaska? There are a few ways to pay spousal support in Alaska ? lump-sum, property, or periodic payments. The most common method is asset allocation.

Property and debt must be divided in a fair and equitable way. For a marriage of some length, "fair and equitable" often means 50-50. However, after considering the factors listed below, the court may decide that it is "fair and equitable" to give one party more or less than 50%.

The easiest way to get out of paying alimony is to have a frank discussion with your spouse about your situation. You may be able to reach an agreement between yourselves (even if it requires a little negotiating). You can also show the court that your spouse is perfectly capable of supporting him- or herself.

Spousal maintenance will last for as long as you can both agree that it is required, or if you cannot agree, by a court order.

Alaska is a "no fault" divorce state, which allows for divorce on the basis of an "incompatibility of temperament." This means that even if your spouse is entirely opposed to ending your marriage, you can still request, and receive, a divorce from the Court. What if I want to modify my divorce or custody order?

Divorced women are more likely than men to receive public assistance, live without health insurance, and have less earning potential. Approximately 22 percent of women divorced in the past 12 months live in poverty than 11 percent of men. Nearly 98% of people receiving alimony are women.

Some people call this alimony, but in Alaska it is called spousal support. The court may order spousal support to be paid before the divorce is final, after the divorce, or both. But usually, the court orders spousal support for a specific purpose and a limited amount of time.

Fortunately, if a judge orders you to pay spousal support, it is most likely only temporary. The support is not likely to last more than a few years. However, there are instances where alimony payments must be made on a permanent basis.

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Alaska Alimony Trust in Lieu of Alimony and all Claims