For most people, one of the biggest financial transitions we’ll make is from full-time employment to retirement. The move into retirement comes with many changes, and often involves a substantial reduction in income. When that happens, that reduction may entitle you to obtain a reduction in the amount of alimony you owe… or maybe even elimination of your entire remaining alimony obligation. A knowledgeable Maryland alimony lawyer can help guide you through the process and obtain a modification that is fair based on your new circumstances.
F.H. was one of those people. He planned to retire from work in early 2021 at the age of 71. He, however, remained obligated to pay his ex-wife $2,500 per month in indefinite alimony following a 2015 divorce. The husband, as a result, filed a motion with the court to get his indefinite alimony terminated.
In Maryland, getting your indefinite alimony terminated requires demonstrating several things to the court. For one thing, you have to show that there has been a “material change in circumstances that justify” the termination. This, by the way, can be a change on your end or your ex-spouse’s end. For example, if you become disabled and your post-disability income is a mere fraction of the $300,000 you were making as a physician, that might make termination justified. Alternately, if your spouse gets a new job making double what she did before, that might also be the sort of change of circumstances that justifies termination of your alimony obligation.