Month

April 2015
Texas baseball fans may be interested to learn that on April 19, a former player for the Texas Rangers moved ahead with the divorce process. While the divorce petition stated that conflict was the reason for the couple’s separation, it was noted that the baseball slugger has a history of substance abuse and reportedly relapsed...
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Some Texas residents may be interested in the way finances are affected by divorce. After a divorce, financial dynamics may change. The cost of living may lessen, but household income levels might shrink and other costs such as alimony or child support may be added. Division of property may result in one spouse remaining in...
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Many Texas women enter a divorce believing their spouse is no longer entitled to pensions, Social Security benefits and retirement savings such as 401(k), life insurance policies and other ERISA benefits once the divorce is finalized. They, or their beneficiaries, often find out later this is not the case because simply divorcing someone does not...
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Unlike child support payments, alimony is to be reported as income by its recipients. Therefore, people who pay alimony are able to deduct the payments on their income tax forms. The deduction is only available if the payments are made according to a divorce or separation order, and voluntary payments do not qualify. Alimony does...
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Many Texas spouses elect to receive or are offered lump sum alimony when they divorce. However, in many cases these same people must return to court and obtain an order forcing their former spouses to pay what the court has already stated as part of the divorce decree. In these situations, a monthly alimony payment...
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