Modifying Your Agreement Post Divorce
with Carole Orland
But things change, finances, kids’ needs, new relationships. Usually there are provisions that require the exchange of information for a period of time. So, if your former spouse gets a huge bonus, it has to be communicated to you. Maybe you move in with your girlfriend; if there is an economic benefit, that can change your agreement. And if you remarry, that could alter alimony.
Kids expenses are very dynamic. There are child guidelines that dictate how much, based on income and number of children. You can add on for extracurricular activities and medical, and if that changes you can go back and request modification.
Unallocated support means alimony and child support are lumped together for tax benefits. A good agreement will break them out even if they are being paid together. But when a child ages up, that number will change.
A good lawyer should anticipate issues to prevent major arguments post-divorce.