As the recession continues to deepen and job cuts accelerate, a rapidly rising number of divorced spouses are requesting changes be made to child support and alimony arrangements.
In a recent survey of the American Academy of Matrimonial Lawyers (AAML), 39% of the nation's top divorce attorneys cite an increase in modifications being made to child support payments. Additionally, 42% of the members report a rise in the number of changes made to alimony payments.
When a divorced person loses a job or has take a pay cut, a request to make modifications to a child support or alimony payment arrangement often follows. With job losses becoming so widespread, there are subsequently a sizeable increase of these modifications taking place.
Overall, 39% of AAML members responded that they have seen an increase in child support payment modifications during the current economic downturn, while only 5% reported a decrease. Regarding alimony, 42% of the attorneys have cited a rise in modifications, while just 6% noted a decline.
In a recent survey of the American Academy of Matrimonial Lawyers (AAML), 39% of the nation's top divorce attorneys cite an increase in modifications being made to child support payments. Additionally, 42% of the members report a rise in the number of changes made to alimony payments.
When a divorced person loses a job or has take a pay cut, a request to make modifications to a child support or alimony payment arrangement often follows. With job losses becoming so widespread, there are subsequently a sizeable increase of these modifications taking place.
Overall, 39% of AAML members responded that they have seen an increase in child support payment modifications during the current economic downturn, while only 5% reported a decrease. Regarding alimony, 42% of the attorneys have cited a rise in modifications, while just 6% noted a decline.
Joan Rogliano is the Founder of The Wildflower Group, an organization that strives to empower women with practical information about finances and real estate, and to create a sense of community. For more information visit www.wildflowergroup.net.
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