Does Alimony End With Retirement in California?
Those approaching retirement in California may be facing all kinds of financial pressures, and it makes sense to limit these pressures as much as possible. This is especially true in a world with growing economic uncertainty, rising mortgage rates, and the looming threat of a major recession. One financial burden that spouses may consider as they tighten their budgets is alimony, otherwise known as “spousal support” in California. Can spouses end their alimony obligations when they retire in California? There is No Rule That States a Spouse May Cease Alimony Due to Retirement Unlike some other states, California does not explicitly state...
Continue reading