Q: I have been paying lifetime alimony for the past 10 years.
My ex wife has her masters degree and since the divorce she has been working. Probably making around 40-50K a year plus the $4k I give her a month in alimony. She sold the house, I gave her the equity and she downsized. Is there anyway for me to get out of lifetime alimony ? She is in a better financial situation then when we go divorced and now she is going on trips, buying expensive things and I am sure investing in the stock market.
A: You need to read your divorce decree (marital settlement agreement) to see if your alimony is modifiable. If yes then you can return to court for a modification. You will also have an opportunity to modify when you retire.
Mr Eric Klein agrees with this answer
A: First, please understand that alimony is not "lifetime," it may be permanent, but that does not necessarily mean a lifetime. Next, depending on what you agreed to in the divorce, the alimony should be modifiable. If so, you could file a motion to modify alimony downward. You should consult a highly skilled family law attorney in your area for further review. Good luck!
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