When can an alimony agreement be terminated?
In Virginia, an alimony agreement can be terminated for three main reasons. The first is if the recipient of the alimony begins living with a new romantic partner of the opposite sex for more than three months. The second is if the recipient of the alimony remarries. The third is if there is a substantial change in either party’s financial circumstances. When the recipient of the alimony begins living with a new romantic partner, they should inform the court that they are doing so, so that the court can make a decision on whether to terminate the alimony agreement. The same is true if there is a substantial change in either party’s financial circumstances. The court will assess the change and determine if termination is necessary or appropriate. In cases where the recipient of the alimony remarries, then the agreement will be automatically terminated. This is regardless of whether the recipient informs the court or not. It is the responsibility of the recipient to inform the court of the remarriage, however. It is important to note that the court may also determine that the alimony should be extended or modified even if one of the three main reasons for termination is present. Each case is unique, and the court will take into account the specific circumstances of the case before making a decision.
Related FAQs
Are alimony payments considered separate property?What documents are required to prove alimony payments?
What are the requirements for an alimony agreement?
Does alimony terminate when the payor retires?
What happens to alimony if the payor dies?
How is alimony affected if either party moves to a new state?
Does alimony have to be paid if the payor is unemployed?
Is alimony reduced if the payor earns less than the recipient?
Are alimony payments deductible for the recipient?
Are alimony payments taxable to the payor in some states?
Related Blog Posts
'Demystifying Alimony Law: What You Need To Know' - July 31, 2023'Divorce and Alimony: Understanding Your Rights and Responsibilities' - August 7, 2023
'Tax Implications of Alimony Payments: How to Protect Your Finances' - August 14, 2023
'How to Calculate Alimony Payments: A Step-by-Step Guide' - August 21, 2023
'Alimony Modifications: Know Your Rights and Options' - August 28, 2023