Annotate Legal New Mexico Alimony Forms For Free

Ing to the changes, recipients of alimony payments no longer have to include them as taxable income. For the payor of alimony, the savings deducted from spousal support payments no longer apply. This makes them more expensive for many payors ? especially ex-spouses in the higher tax brackets.

New Mexico courts will award spousal support on a case-by-case basis. Unlike other states, spousal support is not automatically considered as part of divorce proceedings. In order for a party to receive spousal support, they must directly request it.

New Mexico Alimony Basics Similarly, alimony is not calculated using strict mathematical equations like child support is, instead, it is determined by one spouse's need and the other's ability to pay, along with other factors. Generally speaking, the court will consider: the spouses' ages, health and means of support.

The court will assess the total value of community property and divide it equally, rather than assess each individual piece of property. Therefore, if one spouse gets the marital home, the other might get stock, jewelry, and money of approximately equal value to the home.

Nor are alimony payments connected to child support payments or custodial arrangements. Child custody and child support are treated as entirely separate issues by the New Mexico courts. Note that if a marriage lasts less than five years, no spousal support may be awarded.

A legal separation is similar to a divorce. It follows the same legal process, but instead of formally ending your marriage, a legal separation separates your financial lives and creates certainty for your children. To be legally separated, you and your spouse must live apart and intend to do so permanently.