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Alimony Archives

What alimony records should you keep?

In the course of a divorce, a judge can decide whether the soon-to-be-former spouse will be required to pay spousal support and, if so, how much he or she will have to pay. With the changing dynamic of the working family, alimony payments aren't as prevalent as they were in the past, but they are still used frequently if one spouse gave up a career to raise children or in marriages in which one person earned a substantial amount more.

Taxes and alimony payments in Texas

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.

Choosing lump sum alimony over monthly payments

Many Texas spouses elect to receive or are offered 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 may actually become a greater hindrance than a help. Texas law offers a solution by allowing lump-sum payments.

Woman claims billionaire ex-husband hid assets

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 couple was divorced in 1991 after being married for 13 years.

Spousal maintenance in Texas

Although alimony, or maintenance as it is called in Texas, is difficult to obtain, it is allowable and ordered if the spouse requesting it meets certain statutory requirements. When family violence has not been involved, the marriage must have lasted at least 10 years in most cases.

Factors used in determining spousal support

Texas residents who are going through a divorce may know that spousal support may be granted on an individual basis. The parties to the divorce may reach decisions about spousal support, or if that is not possible, the court will decide. The court determination is based on specific factors. Spousal support is often intended to allow the alimony-receiving spouse to retrain or to take courses designed to advance his or her employability, giving the individual the opportunity to become self-sufficient.

Understanding alimony in Texas

Texas residents involved in a divorce proceeding are often surprised by how complicated the process is regarding spousal support, or alimony. The two types of alimony in Texas are spousal maintenance payments, which are ordered by the court, and contractual alimony. Laws regarding spousal maintenance were first enacted in 1995. In order to quality for maintenance, courts considered the ability to make payments, the needs of the spouse requesting payments, any disabilities affecting the spouse or children, the length of the marriage and if domestic violence was evident during the marriage.

FOMOA: fear of missing out on alimony preventing remarriage?

Sports fans across Texas have probably seen the commercials about FOMO or "fear of missing out" on watching the Dallas Stars or the Mavericks take on their opponents due to family events that cannot be avoided. Are sports the only thing that individuals fear missing out on?