When a Texas couple decides to have children, there is often a discussion surrounding which partner will set aside their career path to raise the child and manage the household. In doing so, the person who stays home is trading one set of goals for another, and is placing a priority on ensuring that the nurturing needs of the family are met in addition to the financial ones. However, when wealthy families end up in a high asset divorce, that individual deserves to be compensated for the loss of earnings potential that resulted from choice.
More and more often, it is the husband who makes the choice to place his career on hold while the kids are young. In such cases, it is completely appropriate to ask that alimony be awarded in an effort to provide a means of financial support to the lower-earning partner. While women still receive alimony at higher rates than men, the number of men who are asking for spousal support is on the rise.
According to a 2012 survey of members of the American Academy of Matrimonial Lawyers, 47 percent of respondents report an increase in men who are asking for alimony. Family courts are becoming more willing to grant those requests, and it is no longer an anomaly for the alimony checks to flow from female to male, as opposed to the other direction. This change marks an important shift in the American social norms surrounding marriage and family.
For men who are preparing for a high asset divorce, the issue of alimony should not be overlooked. Raising a family is not the only scenario in which alimony may be sought; a man who sets aside his career to support his wife’s business venture or higher education may also be entitled to spousal support. For those in Texas who have questions on this topic, a consultation with a ldivorce attorney can help bring clarity on whether spousal support is possible, and at what level.
Source: Reuters, More men get alimony from their ex-wives, Geoff Williams, Dec. 24, 2013