North Carolina Alimony Trust in Lieu of Alimony and all Claims

State:
Multi-State
Control #:
US-02105BG
Format:
Word; 
Rich Text
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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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  • Preview Alimony Trust in Lieu of Alimony and all Claims
  • Preview Alimony Trust in Lieu of Alimony and all Claims
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FAQ

If the court finds that the paying spouse committed adultery, the court must award the supported spouse alimony. However, if the court finds that the supported spouse or both spouses committed adultery, the court will use its discretion to award or deny alimony.

By statute, alimony terminates in North Carolina upon the death of either party. Alimony can be ordered by the Court (i.e., court order) or in a private contract between the parties (i.e., separation agreement).

A court order for payment of alimony that is entered by a North Carolina Court may be modified or vacated if a judge finds that a substantial change in circumstances has occurred since the entry of the original order.

Alimony Can be Permanent in North Carolina The truth is that under certain circumstances, alimony payments can go on indefinitely in the Tar Heel State. North Carolina is one of the last states to allow permanent alimony, along with a handful of others.

Under North Carolina law, the amount and duration of an alimony award is based upon a number of factors including the length of the marriage, the reasonable needs of the spouses, the ability of one spouse to pay alimony, the dependent spouse's standard of living, the dependent spouse's educational background, and any ...

If the spouse requesting alimony was guilty of adultery or other illicit sexual behavior, the judge must deny alimony, even if that spouse would otherwise qualify for it.

In North Carolina, there are three different types of alimony that a judge can award: permanent alimony, temporary alimony, and post-separation support. Permanent alimony. Just what it sounds like?it is intended to be paid indefinitely until either the death of either spouse or the remarriage of the receiving spouse.

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North Carolina Alimony Trust in Lieu of Alimony and all Claims