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Know what records to keep regarding alimony payments

Alimony proceedings determine how much you have to pay to your ex-spouse. These payments must be made on time so that you don't end up having legal issues because of missed payments. If you are ordered to pay alimony, and even if you are the recipient, it is imperative that you keep records of the payments.

If you have to make the payments, keep a record of all payments you make. Canceled checks or bank statements are ideal for this purpose. If possible, you should keep a copy of the cashed check or other proof that is provided by your bank that shows the check was received and cashed by your ex.

While it isn't ideal to make an alimony payment in cash, be sure to protect yourself if you do. A receipt for the payment that is signed by your ex is a good idea in this case.

If you are the recipient in the case, keep a record of all the payments you get. This should include the date received, the amount, and the method of payment.

All records of alimony payments should be kept for a minimum of three years. It doesn't matter if you are the recipient or the paying party, your records must be kept for at least this long.

Alimony orders aren't necessarily meant to be absolute. If circumstances change, it is possible to seek a modification of the alimony payments. Understanding how you can seek this modification and determining if the case warrants a change can help you as you make a plan for handling the alimony.

Source: FindLaw, "Alimony Guidelines: What Records to Keep Regarding Your Alimony," accessed Feb. 17, 2017

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