Maintenance Buyout
A spouse can buyout maintenance. This buyout may be part of the property settlement that would increase the property received by the spouse seeking maintenance. Before offering a buyout of maintenance, a spouse most consider the present value of the money and the tax consequences. The value of a dollar today is probably worth more than the value of a dollar tomorrow. As a result, a buyout of maintenance will generally be less than the total value of maintenance paid over the long term.
Listen to 1470 WBKV AM on Friday mornings at 9am for Legal Talk with the Vanden Heuvel & Dineen, S.C. Law Firm. Call the station at 262-338-8622 or email your questions to questions@vhdlaw.com