Experienced Alimony Lawyers serving Holland, TX and the Surrounding Areas

Alimony in the state of Texas refers to the ongoing financial support that one spouse might provide to the other spouse after a divorce. Although many people may believe that it is standard for there to be alimony payments with a divorce, it isn’t awarded as frequently in Texas now as it was in the past. These days, with more households having two incomes, courts are more frequently concluding that it isn’t as likely that a spouse is financially dependent like they might have been during past generations. In your case that might or might not be accurate.

Our divorce lawyers here at Leo Foust Family Law Office will work closely with you in order to determine what your income limits, expenses and more are, and help you figure out the amount of support you might be entitled to receive, or what support you may be ask to provide your former spouse with. Our job is to effectively represent what your needs are to the court to make sure you don’t end up in financial difficulties.

Understanding Alimony Payment Types In Texas

Contrary to what many people believe, alimony isn’t always permanent or recurrent. There are various potential kinds of alimony, including the following:

– Temporary Alimony: Financial support is provided for a certain time period. Typically this occurs when the divorce is still pending. Just because you are awarded temporary alimony doesn’t necessarily mean that alimony will be awarded to you permanently.

– Indirect Alimony: This setup is less traditional and involves one spouse paying for things that will benefit the spouse. For example, car loan or mortgage payments.

– Alimony Arrangements: Multiple payment arrangements also exist regarding how money is to be paid, like lump sum payments, periodic payments, or a combination of these.

Alimony Decisions

The type and amount of alimony to be paid will be chosen by the court based on whatever information is presented to it. That is why we consider it critical for you to have an experienced attorney on your side who is thoroughly familiar with Texas alimony law to present your case in a detailed way, including relevant expense and income figures along with any other relevant details of your lifestyle that help to support your case. No matter what your circumstances happen to be, our alimony attorney will manage your case with the greatest professionalism and care to make sure you get the financial support that you need or aren’t require to pay any more than what is fair.

Who Is Eligible For Alimony in Holland?

In Holland as well as throughout the state of Texas, alimony isn’t restricted to either one spouse. So a spouse of either gender may be ordered to pay or receive alimony. Historically determinations have been based on a spouse’s needs. The courts have weighed how financially dependent a spouse is on the other spouse as well as what expenses are reasonable.

Holland courts over the years have been cutting back on alimony payments. They cite the fact that both genders of spouses frequently work and earn a salary. Your particular situation might not benefit benefit from this, and our divorce lawyers are available to discuss this with you as well as work through the process. Spouses in many cases who haven’t been in the workforce for a while might find it hard to find employment when the job market is tight.

Our family law attorneys will listen to all of the details of your case so that they can determine what your best option is. We will work diligently to present all of the details of your case to come to an agreements that ensures your financial security.

——————–

Factors That Determine Alimony Payments In Texas

Whether a spouse will be forced to pay or receive alimony or not will depend on various factors including the following:

– The standard of living that each of the spouses enjoyed throughout their marriage

– Emotional conditions, physical conditions and age of both spouses

– Duration of the marriage.

– Whether adultery occurred and caused the divorce.

– The financial resources of both spouses.

Alimony usually ceases upon the remarriage or death of the person receiving it.

Tax Implications of Alimony Payments in Texas

In Texas, alimony payments aren’t exempted from tax laws. Usually the person who is making the payments may deduct them from her or his taxable gross income, and the person receiving the payments must add them to her or his gross income. Please consult with a tax professional and our Holland TX alimony attorneys to obtain a better understanding of what the Internal Revenue Service tax requirements are regarding alimony payments.

High Net Worth Divorce Lawyers Leander TX

Family Law Divorce Lawyers Walburg TX

Child Support Lawyers Florence TX

High Net Worth Divorce Lawyers Coupland TX

Family Law Divorce Lawyers Driftwood TX

Prenuptial Agreement Attorneys Cedar Creek TX

Child Support Lawyers Bartlett TX

Child Custody Lawyers Florence TX

Child Support Lawyers Spicewood TX

Property Division Lawyers Bertram TX