Alimony payments serve as a common part of divorce for many couples in the state. They often happen because of a large gap in income between the parties involved. These payments may come in permanent, rehabilitative or temporary forms. Whatever the case, they are tax...
Month: December 2022
Two tips for managing custody in the teen years
If you divorce when your children are young, custody agreements are typically straightforward and ensure equal time with both parents, including overnights in both households. As children get older, gain independence and take on responsibilities, that custody schedule...
What happens to debt in a divorce?
When you got married, you probably intermingled your finances with your spouse. This means that you shared bank accounts, cosigned loans and had joint credit cards. However, you or your spouse may have had debts prior to your marriage or separate debts within your...
When will the court order spousal support?
Spousal maintenance is not an option in all divorces. Texas law specifies exact situations in which the court may consider awarding support. The first requirement is one spouse must have a financial need. This means he or she does not have enough assets to cover his...
