New York State Legislature Passes Alimony Overhaul

Posted on 25 June 2015 by Sophia Hollander. Source: The Wall Street Journal

The New York state Senate passed sweeping revisions Wednesday to alimony laws that change how some payments are set and eliminate a long-debated requirement that judges calculate the lifetime value of a license or professional degree earned during the marriage, even if the spouse changed careers later.

They have finally provided solutions to problems that have been long overdue,” said Michael Stutman, the immediate past president of the American Academy of Matrimonial Lawyers New York chapter, which had opposed previous versions of the bill.

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