The Childress Firm
Bring us your concerns. Call today.
Our Practice Areas

Alimony is a big part of many divorces

When two spouses decide that it is time to end their marriage (and thus file for divorce), there will be many issues that they have to work out to ultimately conclude their divorce proceedings. Signing that divorce agreement will be freeing, but it takes some work to get there. Even after the agreement is signed, there will be post-divorce issues you have to work out.

One of the issues that could be involved in a divorce is alimony, a form of financial compensation that one spouse pays another to correct any financial effects caused by the divorce. Tracking this compensation is very important for both parties in the divorce because there are serious tax implications. We've discussed this a bit in a past post.

Today, let's stick to the "tracking" that we just mentioned. What we mean here is that former spouses that are paying or receiving alimony should keep a spreadsheet or record of their alimony payments, complete with extensive details about the payments. Why? Because if litigation were to occur down the road or if there was a dispute about a payment, you can provide ample evidence about it.

With that in mind, every time a payment is made or received, the spouses should track:

  • The amount of the payment and the date it was made
  • The address that was used (both sent to and sent from)
  • The bank used and the account number associated with the payment
  • The check number, or if cash was used then a receipt should be created and signed by the two spouses

Source: FindLaw, "Alimony Guidelines: What Records to Keep Regarding Your Alimony," Accessed Dec. 21, 2017

No Comments

Leave a comment
Comment Information
In Bartlett, Serving The
Memphis Metro Area.
Get Answers & Advocacy
Email Us For A Response

Contact The Childress Firm, PLLC

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Bartlett Office

Main Office

The Childress Firm PLLC
7424 U.S. Highway 64 Suite 117
Bartlett, TN 38133

Phone: 901-318-3719
Fax: 901-761-4797

Contact Us