New Mexico Agreement to Continue Payment of Monthly Spousal Support

State:
Multi-State
Control #:
US-01446BG
Format:
Word; 
Rich Text
Instant download

Description

In this agreement, a former husband agrees to continue paying spousal support for another year due to a change in his former wife's financial circumstances.

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FAQ

Failure to pay alimony is a violation of a court order, and it can result in serious trouble. The court can compel a person to pay alimony ? and if that fails, the judge in your case can hold you in contempt of court. In some cases, judges can even order jail time.

Alimony or Separate Maintenance ? In General Amounts paid to a spouse or a former spouse under a divorce or separation instrument (including a divorce decree, a separate maintenance decree, or a written separation agreement) may be alimony or separate maintenance payments for federal tax purposes.

New Mexico is a ?community property? state and also an ?equitable distribution? state. This means that marital assets and debts are generally split 50/50 between the spouses unless another division is agreed by the spouses.

What is alimony? Alimony is financial support paid by one ex-spouse to the other after the marriage has legally ended. Alimony is also sometimes called spousal support. Temporary alimony (also called pendente lite alimony) can be granted while the divorce is in progress, to help until the divorce is final.

New Mexico Alimony Basics Generally speaking, the court will consider: the spouses' ages, health and means of support. each spouse's current income, future earnings, and "earning capacity" (potential income based on education, job history, skills and employment opportunities)

Ing to the guidelines implemented in the state of New Mexico, if a spouse is awarded alimony, they could receive these payments indefinitely or for a set amount of time. The length of the marriage usually designates the duration of alimony.

Alimony, known legally as spousal maintenance, is a sensitive topic for many divorced couples. Alimony helps a lesser earning spouse maintain a similar standard of living post-divorce or ease their transition into post-divorce life.

Temporary Alimony?Paid while the divorce is pending, it can include divorce costs and daily expenses, and it ceases once the divorce is finalized. Permanent Alimony?Paid on a monthly basis, it continues until the death of either spouse or the remarriage of the lower-earning spouse.

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New Mexico Agreement to Continue Payment of Monthly Spousal Support