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alimony
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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Prenuptial agreements are becoming increasingly commonplace in modern society. With more and more people opting to marry later in life and coming to the table with substantial incomes and assets, prenuptials are seen as an additional protection to a person’s financial future. As with any type of contract, prenuptials require a certain level of skill...
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We all know what kind of stigma alimony carries. While in the past alimony may have been considered a payment from the working man to non-working women, it has caught up with gender equality and more men are being awarded alimony. Alimony is designed to bridge the income gap after divorce, and it stands to...
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Yes, alimony is still a thing. And yes it can be rehabilitative or go on until an order changes it or it runs out. While the general concept of alimony is pretty common knowledge, many don’t realize that it can be paid to more than one person at a time. In some ‘rebound’ marriage divorces,...
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In the event of a divorce, one spouse may agree to paying spousal support, either a voluntarily settlement or through a court order. Of course, wherever money changes hands, Uncle Sam will want his cut, and this holds true for alimony as well. The former spouse who pays alimony can deduct alimony payments on that...
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On Jan. 26, the ex-wife of a former Texas billionaire filed a lawsuit claiming that she was not awarded her fair share of the community property in the original divorce settlement. She also sued her ex-husband on Nov. 6 for failing to make the annual $500,000 alimony payments that she was awarded in July 1993. The...
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