We discussed some of the points that are used to determine alimony last week. If alimony is part of your divorce case, there are some points you should consider if there is the option of the alimony being awarded as a monthly payment or a lump sum payment.
When you are getting a divorce, the subject of alimony might come up at some point. If you are on the receiving side, you likely want the highest alimony as possible. If you are on the paying side, you likely want the smallest alimony payments possible. Regardless of which side you are on, it is vital that you protect your interests when it comes to alimony.
Well-meaning parents wanting to ensure passage of adult children's inheritances into trusts often wish to keep the intended beneficiary's former spouse from asserting any claim to trust funds in case of divorce and possible alimony. In states such as Pennsylvania, this may not be the case. Article 5 of the Uniform Trust Code, UTC, shields assets held by discretionary or spendthrift trusts from creditor claims but does not disturb the legal rights of children and former spouses of primary beneficiaries to entrusted assets.