Actor Brendan Fraser seeks relief from huge alimony payments
Posted by Thomas Pettinicchi of D'Amico & Pettinicchi, LLC on Mar 05, 2013 in Alimony
The discussion of spousal support payments often sends divorcing couples deeper into bitterness and contention as they try to cut ties and go their separate ways. Some people are angry about having to pay alimony while others are dependent on these payments to make the transition from being married to single.
Whether a judge determines alimony or spouses agree on an arrangement through mediation, the amount that should be paid depends on a number of factors. Income levels, reason for divorce and even the length of marriage all come into play when the amount of spousal support is determined. If circumstances change, especially in regards to earnings, it is possible to file for a modification of support payments.
Recently, actor Brendan Fraser filed documents in Connecticut to have his spousal support responsibilities reduced. At one point in his career, Fraser was a successful actor and was starring in many high-profile films. When he and his wife of more than 10 years decided to divorce in 2007, he had been appearing in many TV shows and movies. Therefore, it was ordered that he would pay his ex-wife $50,000 per month in alimony.
Since the bitter divorce, however, he says his circumstances have changed. While his acting jobs have declined significantly, he still rakes in more than $205,000 per month. Of that total, $112,803 is dedicated to professional expenses. This leaves him with nearly $93,000 before a whopping 50,000 is taken for alimony. He also pays $25,000 per month in child support.
Fraser says his earnings are outweighed by expenses, much of which goes towards spousal support. He is requesting that the courts lower his alimony payments. Whether this will be granted or not remains to be seen.
Because the issue of alimony can be emotional, it is generally a good idea to work through the process with an attorney. With the benefit of legal support and an outside perspective, divorcing couples can come to an alimony arrangement that may be more agreeable to both parties.
Source: Yahoo! Finance, "The Ridiculous Amount Brendan Fraser Spends Each Month On Agent Fees And Alimony," Aly Weisman, March 4, 2013