Alimony is financial support paid by one spouse to another after a divorce. It can be awarded as part of a court-ordered settlement, or the two spouses can voluntarily agree on the amount. Either way, alimony payments are not set in stone and can be adjusted depending on certain factors.

Unfortunately, some mistakes may affect the amount of alimony you must pay. From miscommunication to unrealistic expectations, these mistakes can cost you more money than necessary, so avoiding them at all costs is essential. Working with an alimony attorney in Gulfport, MS, is the best way to avoid these mistakes.

This article will discuss common mistakes that could affect the amount of alimony you pay after your divorce.

Failing to Understand the Legal Ramifications of Not Paying Alimony

Failing to understand the legal ramifications of not paying court-ordered alimony payments can have serious consequences. Depending on the situation, a spouse that fails to make alimony payments could face fines, jail time, and have their wages garnished.

Other consequences could include lowering their credit score or being subject to an arrest warrant.

Therefore, it is crucial to understand the legal implications of not making alimony payments as instructed by the court or agreed upon in a voluntary settlement. An alimony attorney in Gulfport, MS, can help you understand your court-ordered financial obligations.

Not Documenting Financial Transactions Related To Alimony

Failing to document all financial transactions related to alimony can lead to costly mistakes. Documentation is essential for both parties involved in an alimony agreement because it helps provide proof of the amount of money that has been paid or owed.

It’s important to understand that merely writing down a payment schedule is not enough to prove you have met your obligations; all payments must be documented and accounted for in detail. Accurate records of financial transactions related to alimony can help ensure that a spouse does not pay more than is legally necessary.

An alimony attorney in Gulfport, MS, can help you understand the importance of accurate documentation and will provide advice on how best to approach this issue. 

Ignoring Changes To Your Financial Circumstances

Alimony payments are often based on the financial situation of both parties at the time of the agreement. If a spouse’s circumstances change, such as an increase in income or assets, they must notify their former partner and adjust their payment. Failure to do so could lead to severe consequences, including an investigation from the court and possible fines.

Keeping track of changes affecting either party’s financial situation is essential. These changes should be discussed openly with the other spouse and reported to the court as soon as possible so that an amended agreement can be drafted if necessary.

Need The Help Of An Alimony Attorney in Gulfport, MS?

Do you feel like you’re paying more alimony than you should? It’s time to seek out the help of an alimony attorney in Gulfport, MS!