Category

Alimony
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With small businesses struggling to survive due to COVID-19, The U.S. Small Business Administration (SBA) has been facilitating loans and grants for small businesses to help offset temporary loss of income due to the coronavirus. If you’re getting a divorce, believe divorce is imminent, or receive child or spousal support from a small business owner,...
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child holding parents together
Child support is a hot topic for clients at our Fort Worth family law firm. Some parents say that child support guidelines in Texas don’t adequately address their children’s needs. Conversely, other parents tell us their paychecks aren’t big enough to cover child support and the rest of their bills. Are these parents being unreasonable?...
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Empty pockets
If you’re going through a divorce, it’s essential to be proactive about keeping your finances in check, because if you don’t, there will be consequences. Unfortunately, many people end up with a smaller divorce settlement than expected because they either lived beyond their means or spent community funds on themselves that had to be reconciled...
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Divorce is a big life change. Obviously, you are no longer married. You and your ex are most likely not living together. Maybe you barely even talk to each other anymore. Beyond the drastic relationship change is the drastic change of finances. That is where the matter of alimony comes into play. A lesser-earning party...
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Much like marriage, divorce is one part an emotional investment and one part a financial investment. Although these aspects are apparent all throughout a relationship, they come into greater focus during the dissolution of a marriage. Not only does divorce take an incredible emotional toll on spouses, but it is where the depths of financial...
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Alimony, commonly known as spousal support, is a court ordered payment from one spouse to the other after divorce. Similar to child support, alimony is designed to bridge the income gap between spouses. Historically, alimony was paid by divorced men to their ex-wives. However, a Supreme Court ruling over 40 years ago brought equality to...
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As your situation changes, so can your alimony payments. What was once a reasonable amount to pay your ex-spouse, may have recently become a real struggle. Fortunately, the same court that ordered you to pay alimony also recognizes that in certain situations, it may be necessary to reduce it. When your ability to pay alimony...
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It should come as no surprise that spousal support is not as easily calculated as child support. Although both alimony and child support are commonly discussed topics during a divorce, they have little to do with each other and are calculated quite differently. There are several different elements a family court may consider when making...
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Spousal support, commonly referred to as alimony, is the payment from one spouse to another either ordered by the family court or agreed-upon in a divorce settlement agreement. Alimony is designed to limit any unfair economic advantage one spouse has over another. It can be ordered as rehabilitative, temporary or permanent. While there are several...
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Occasionally, married individuals will choose to go their separate ways but remain married. This condition is known as separation. For many, the confusing part of separation is understanding that separation comes in four different forms. These four different types of separation are identified by their legality, orders and living arrangements. In all but one of...
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