Financial tips for New York men facing alimony, child support

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Financial tips for New York men facing alimony, child support

Category : Child Support

Divorce can be a challenge, and many spouses who feel that their marriage is coming to an end search for advice on how to manage the process and to know what to expect. A great deal of the information available in print and online, however, focused on advising women on how to navigate divorce. Very little is geared explicitly toward men and their divorce concerns, leaving many New York husbands feeling out of the loop and unsure what to expect when it comes to alimony and child support.

In many ways, divorce advice is gender-neutral. However, men and women do have different interests when it comes to certain aspects of a divorce. Alimony is one area that serves as an example. While many men struggle with the concept of making long term payments to a former spouse, it is possible to reframe the manner in which one considers spousal support. Alimony payments are tax-deductible, and in many cases can provide solid tax benefits when handled correctly.

A related issue involves men who might be eligible to collect, rather than pay, alimony. While spousal support was once considered solely the realm of wives, many husbands are entitled to these payments based on their own efforts to support the career of their spouse or set their own career aside to care for shared children. When a father is going to assume the primary care for those children, then child support becomes another issue that will buck the “normal” path of a divorce. If there is any question whether a husband is eligible to receive these payments, it is important to meet with an attorney to investigate the matter further.

Times have changed, and along with those changes have come shifts in the way that divorce is perceived. Men who are facing the end of a marriage should make every effort to determine their rights under New York law, as well as what to expect from the divorce process. Having this information will help spouses make the best choices possible as they work toward a favorable settlement in regard to alimony and/or child support.

Source: The Week, 8 financial tips for men getting a divorce, Hayley Krischer, Sept. 30, 2013


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