When a couple makes the decision to pursue a divorce in Louisiana, they may need to make many critical decisions regarding the custody of their children, the separation of their assets, the distribution of their property and even the support of each other. Alimony is a controversial topic for many people, especially because it appears to be paid unnecessarily in a majority of circumstances. However, by law, people in Louisiana may be asked to pay alimony to their ex if circumstances require.
There are times when adjustments may be necessary to accommodate changes in the circumstances of one or both of the parties involved in an alimony agreement. According to Live About, there are several circumstantial changes that courts consider when making modifications to an alimony agreement. Some of these include the following:
- An increase in the cost of living due to inflation.
- The paying spouse acquires new responsibility that makes continual payment more difficult.
- The spouse receiving payments is no longer in need of the money.
- Either person experiences a financial emergency.
- One of the parties experiences a disability that affects his or her ability to provide.
- Changes in the law affect how alimony is paid.
CNBC reported that under the new Tax Cuts and Jobs Act, alimony can no longer be counted as a tax deduction in divorces that occur after December 31, 2018. Many believe that this change in the law will affect how quickly many divorces are resolved. Often, legal professionals have been able to use alimony as a tax deduction, as a measure of persuasion in reaching agreements concerning spousal support.