As West Virginia readers know, several new tax laws will be in effect at the beginning of the year. Very soon, couples walking through divorce will have to rethink how spousal support payments will work and what they could mean for a person's taxes. Alimony attorneys understand how important it is to adequately prepare clients for what these changes could mean for them.
For many people, getting a divorce is much like letting out a big breath of relief. However, after realizing that they will have to pay monthly alimony, all of that relief can quickly disappear. Those in West Virginia who are uncomfortable with the idea of remaining connected to their ex through spousal support or who simply would like an alternative to monthly payments, a one-time payment might be a good option.
One of the impactful things that can happen in West Virginia divorces is a party being granted spousal support, also known as alimony, through a court order or a settlement agreement. Under state law, there are four types of spousal support arrangements that can be set up. We’ll now go over these different types.