The Requirements for a Payment to Be Considered as Alimony

question 213

Multiple Choice

The requirements for a payment to be considered as alimony include all of the following except

• A) not be designated as being other than alimony.
• B) terminate at the death of the payee.
• C) be made in cash or property.
• D) be made pursuant to a divorce, separation or a written agreement between the spouses.

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Definitions:

Sever

To cut off or divide, often used in legal contexts to discuss separating parts of contracts or severing ties between entities.

Estate in Land

Refers to the degree, quantity, nature, and extent of interest a person has in real property.

Fee Simple

The most complete form of ownership of real estate, giving the holder full possession and control over the property.

Leasehold

An estate or interest in property held under a lease, granting the holder the right to use and occupy the property for a specified period under certain conditions.