With Strength And Compassion
When a couple goes through a divorce, spouses are often concerned about how they will manage financially once their assets and properties are divided. One way for people to cope with this challenging transition is through alimony, which is officially known as spousal support. This is a court-ordered form of financial assistance paid by one former spouse with more means…
Spousal support can be a complicated topic during divorce, especially if one parent has stayed home to raise shared children through a marriage. Many stay-at-home moms think that they automatically qualify for spousal support in Texas, but there are actually several factors that determine if someone is eligible for spousal support. There are additional determiners for how much spousal support…
In many Texas high asset divorces, one spouse is ordered to pay the other spouse spousal support, also referred to as alimony or spousal maintenance. The purpose of spousal support is to enable the receiving spouse to be able to maintain a similar standard of living to the one they had while married. This is especially important in marriages where…
In Texas, spousal support is an option in relatively few divorces. State law puts substantial limits on the types of circumstances in which maintenance is warranted, and when the court does include maintenance in a divorce order, it is usually only for a limited time. Both paying and receiving spouses can better prepare for the divorce and its aftermath by…
Spouses who are going through the divorce process will need to address multiple different types of legal and financial issues. The laws surrounding divorce can be complicated, but by working with an experienced attorney, a person can gain a full understanding of their rights and obligations, and they can determine the best ways to achieve their goals. Spousal support, which…
Financial issues are likely to be a concern for anyone who is splitting up with their partner. In many high asset divorce cases, one spouse earns the majority of the family’s income, and the other spouse may be unable to make enough money to provide for their needs on their own. A spouse may ask for spousal support, which is…
Paying alimony or maintenance after a Texas high asset divorce can cost tens of thousands of dollars for high earners. Yet there may be options available to parties in a high net worth divorce to limit the amount of taxes paid on alimony. Once you know that your spouse is entitled to receive maintenance under Texas law, you will likely…
Late last year, Congress passed the Tax Cuts and Jobs Act, which made significant changes to the deductibility of alimony payments. The recent amendments could have a serious impact on Texas couples who finalize their divorces next year, so if you are considering filing for divorce, it is critical to contact an experienced high asset divorce attorney who can explain…
Although spousal support is usually described merely as alimony, there are actually three types of spousal support recognized under Texas law. Each type comes with its own set of conditions and requirements, which determines who is eligible to receive support and for how long they can continue receiving it. If you are going through a divorce and have concerns about…
In Texas, courts can order spousal maintenance if a party can establish that he or she lacks the ability to provide for his or her reasonable needs because of an incapacitating physical or mental disability. Demonstrating a disability for the purposes of receiving maintenance can be difficult, so if you are considering a divorce and have questions about your eligibility…