For decades, women have fought for equality in the workplace and beyond. The fight continues, though there has been significant progress for women to achieve the success that they want in their lives through education and employment.
In Texas and many states across the country, alimony laws are long-established and attempt to ensure the support of one spouse after a divorce. But many states are considering and embracing reforms to those laws. Advocates of the changes argue that alimony laws as they currently exist are outdated and do not reflect the nature of modern day marriage and divorce.
Everyone knows divorce can be sticky emotionally, but the economics of divorce can get tricky too, especially when checks are still being written to an ex-spouse after a divorce is final. Depending on how the money is allocated, there are different tax implications for both the recipient and the payer. As part of a divorce settlement, a family law court may ask one of the spouses to pay spousal support (aka alimony), child support, or both.
The so-called traditional family model includes the wife at home taking care of the kids and the husband "bringing home the bacon." While there is certainly nothing wrong with that model, especially if it works for some, it doesn't guarantee a happy marriage. In fact, a recent study reveals that women are less likely to initiate a divorce when they work outside the home.
In our last post, we discussed celebrity divorce and how infidelity can mean great costs to those who stray outside of their marriage. Just about as soon as the post was published, it seems like the scandalous story about Tareq and Michaele Salahi showed up in the headlines.
When couples go through divorce, the court will typically require one spouse to pay alimony to the other. The purpose of these payments is to ensure that the lower earning spouses can maintain the same standard of living that they enjoyed during the marriage.
The situation that led to the high-profile divorce between Arnold Schwarzenegger and Maria Shriver might have involved intense drama, but it looks like the divorce process between the actor/former governor and his journalist wife won't need to get as dramatic.
According to statistics, the total amount of U.S. alimony payments made each year is roughly $9 billion. Amounts paid for spousal support, however, vary drastically from state to state and from judge to judge.
It seems like a strange combination: divorce and a Ponzi scheme. But an out-of-state case that's making headlines shows how the notorious Bernie Madoff's investment scam is related to more than criminal law. It's now become a family law issue.
When we hear about the current and potential future contract negotiations among the NFL and NBA, we tend to only see the athletes and organizational leaders as the effected parties. Recent reports, however, identify a less-obvious effect that possible lockouts might have in regards to family law.