Lancaster and St. Louis, PLLC
Schedule a Consultation Today
Call: 704-743-4204
View Our Practice Areas

Keep detailed records when alimony is agreed

A couple of months ago, we wrote a post about alimony and how this critical form of financial support is determined. Today, we want to continue that conversation by talking about the recordkeeping practices that a spouse should follow after they have been awarded alimony or have been given the responsibility of paying alimony.

Alimony is a delicate matter, just as anything that involves money will be. As such, it is important for the spouses involved in an alimony agreement to track these payments so that if litigation occurs in the future, you will have detailed records and information to supply the courts. In addition, alimony has massive tax implications for both individuals involved. The paying spouse can deduct the alimony from his or her taxes, while the receiving spouse must include it in his or her taxable income.

Both spouses should take proactive and immediate steps every time a payment between them is exchanged. Write down the amount that was paid, the date it was paid, and the address it was sent from and to. You should also take note of the check number, the bank used, and the account number that the check draws from. If you are the paying spouse, having a check book that makes carbon copies is critical.

Additionally, if the paying spouse does not use checks to make his or her payments, then it is your responsibility to create a paper receipt that is signed by both parties, thus denoting the transaction took place.

Source: FindLaw, "Alimony Guidelines: What Records to Keep Regarding Your Alimony," Accessed Aug. 15, 2017

No Comments

Leave a comment
Comment Information

WHAT OUR CLIENTS SAY

"As a dad in a child custody case, I was very scared that I would not get enough parenting time with my young daughter. But, these two attorneys believed in me and helped me get a 50/50 week on/off schedule from the Judge for my daughter. Their hard work and determination blew me away, and I am forever grateful." -F.

Read More
Email Us For A Response

Guiding Your Family Forward

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Lancaster and St. Louis, PLLC
891 Central Drive NW
Concord, NC 28027

Phone: 704-743-4204
Fax: 704-792-1279
Concord Law Office Map

Lancaster and St. Louis, PLLC

Contact us