Alimony & Spousal Support
You do have options
Texas is known to be more restrictive to spousal maintenance (commonly known as alimony) than many other states. For this reason, many people think that there is no possibility for alimony. The truth is, while judges are somewhat resistant to it, if you demonstrate a substantial need, it is possible to work out alimony payments in your divorce proceedings. In addition, there are many times that a judge cannot order alimony but it is still the best solution for both parties and provides significant tax advantages.
Ruby Bolton, of Bolton Law, is a skillful divorce and alimony attorney serving individuals in The Woodlands, Texas, and surrounding areas. She approaches the subject of spousal support in a pragmatic way, whether her client is the payor of alimony or the collector of alimony payments. There are advantages and disadvantages of spousal support depending on your situation, so make sure to have a comprehensive discussion with attorney Ruby Bolton before committing yourself to a spousal maintenance agreement.
How Can Alimony Payments Benefit Me As A Payor Or Payee?
Due to the contentious nature of many divorce cases, and the anger that people feel in making alimony payments, many individuals end up having court-ordered alimony payments put in place. Typically, this happens when the court finds one party in a divorce to be at an extreme disadvantage in income, employability and medical care. It can be favorable to weigh the pros and cons of alimony payment with your attorney. In some cases, alimony is worth more than the assets of the divorce, so it is favorable to be flexible in various asset division negotiations. In other cases making alimony payments can help you achieve more savings in taxes than the value of the payment itself.
Coming to agreements that actually save you money and meet the financial needs of both you and your spouse is oftentimes more feasible through mediation. In mediation you can customize your agreements to your unique circumstances, rather than using the simple calculations that court-ordered alimony payments would be derived from.