What happens to a lifetime alimony ruling when I retire
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What happens to a lifetime alimony ruling when I retire
I pay alimony for life. But I’ll be retiring in a
couple of years . What happens to that alimony
payment when my income drops significantly
Asked on May 7, 2017 under Family Law, South Carolina
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
Typically, retiring does not end one's obligation to pay alimony. However, retirement is an important factor that can influence a court's decision to either terminate the alimony or reduce the amount of alimony owed. Since this is a state specific determination it varies from jurisdiction to jurisdiction. At this point, you really should should consult directly with a divorce attorney in your area; they can best advise you further.
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