Keeping track of how a person spends and earns money is a common practice in Arizona. While once upon a time Phoenix residents maintained checkbook ledgers to track their earnings and expenditures, now most people log into their financial institutions’ websites to follow the trends of their money. When it comes to finances record-keeping is an important way to stay ahead of problems and the same holds true with regard to alimony.
Alimony is money paid from a former spouse to their ex-partner. Past posts on this family law blog have discussed the types of alimony that may be awarded or agreed to as well as events that may bring alimony obligations to their ends. However, when alimony is an active obligation between a payer and their former spouse both parties to the transactions should be keeping track of when and how those payments are being fulfilled.
The payer of alimony should always track when their payments are sent and from which accounts the payments are processed. Whether their payments are made by check or through electronic transfers, payers may wish to keep copies of all of their completed payments as evidence of their fulfillment of their duties.
Recipients of alimony should maintain records of when and for how much each alimony payment represents. If a payment is late or incomplete their record may be good evidence of the delinquency or deficiency when they argue their claim.
Having evidence of one’s payment history or receipt of support is an important tool to avoid future alimony arguments with one’s ex. A Chandler alimony lawyer can help a person go over their alimony records in the event that they find themselves in the middle of a disagreement.