California 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

A Gavron Warning is when the judge gives notice to the recipient of the alimony that they must make reasonable efforts to become partially or fully financially independent of their former spouse. However, like with most legal issues, people must understand multiple aspects concerning Gavron warnings.

Possible strategies include: It is not automatic. Spousal support is not mandatory and therefore not a given. ... Utilize a prenuptial agreement. ... Prove there is cohabitation occurring with someone else. ... Trust the services of the right divorce attorney. ... Be fair. California divorces are about fairness between both spouses.

Property buyout is one of the popular alternatives to traditional alimony payments in California. In this form of alimony payment, the spouse requesting support chooses to obtain the full value of a marital property asset instead of the monthly payments.

Ending permanent alimony requires a court order or a written agreement between the parties. Long-term alimony payments also end if the supported spouse remarries or if one of the spouses dies. If your ex-spouse does not agree to terminate permanent alimony, you must file a motion with the court.

Support can end when: You agree in writing about the date it will end and the court signs off on the agreement. The court orders that it ends. The supported spouse remarries.

Common reasons either party requests a modification (or a reduction) can include: Significant, unexpected changes in income. ... Recipient becomes self-sufficient. ... Cohabitation. ... Retirement. ... Duration of alimony payments expired.

The key factors analyzed in an alimony decision are each spouse's income, ability to earn and standards of living established during the marriage. If there is a history of violence, abuse or certain criminal convictions, however, this could bar a spouse from receiving alimony payments under California law.

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California Alimony Trust in Lieu of Alimony and all Claims