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Samuel II
Samuel II, Attorney at Law
Category: Family Law
Satisfied Customers: 27011
Experience:  General practice of law with emphasis in family law.
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I was married for 26yrs, am 67 and currently receiving alimony

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I was married for 26yrs, am 67 and currently receiving alimony and working. I want to retire within a year and my income will drop to 22,000 without alimony. I have a court pretrial date of 10/09/12. My X wants me to agree to a onetime payment of $15000. and agree to stop all alimony. I was going to agree at first but I have second thoughts knowing that in 2013/march he cannot take me back to court until 2015.

I do make enough money this year to take a reduction in alimony but should I do this or take his offer?
Hi

Of course, this is a decision only you can make. However, I suggest it does not appear to be to your advantage to stop the alimony.

Things you need to consider are - his age. When will he stop working, will he still be able to make alimony payments if he retires or has to stop working otherwise - if you are concerned that he may have reason to end all payments then, of course, you should seriously consider a "buyout" That does not have to be the $15,000. It can be an amount that is calculated based on your life expectancy and how much you will need to live comfortably once you retire.

If you want to do a buyout, then I suggest you can consider countering his offer which something more appropriate. You are still young and may have a lot of years left.

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