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Posts tagged "alimony"

Renaming beneficiaries after a divorce

When a Texas resident gets married, it is likely that they will name their spouse as their beneficiary should anything happen to them. However, when a person decides to get a divorce, it is important for that person to potentially name someone else as their beneficiary. This change cannot be made during the actual divorce process; the change in designation will have to wait until after the divorce process has been finalized.

Uses for social media in divorce court

Posts on social networking sites such as Facebook and Twitter are commonly used by divorce attorneys in Texas. Evidence collected from a spouse's social media page can help a lawyer prove that a spouse was unfaithful, that he or she has more money than they claim to have or that they were not honest about reasons they didn't spend time with their children. The American Association of Matrimony Lawyers conducted a study in 2010 and found that Facebook is a major source of evidence in two-thirds of divorce cases.

Monetary issues to consider in divorce

Many view a home as the most important asset to consider when a divorce looms. However, Texas residents who are considering divorce and facing decisions about property division may want to rethink this issue. Many individuals focus so intently on the house that they completely ignore retirement accounts belonging to their spouses.

How divorce affects taxes

Texas residents who are in the process of divorcing may be interested in how the divorce will impact their tax situation. A divorce can change a person's income, assets, debts and even name, so it is little surprise that it can significantly affect one's taxes. Individuals who have recently finalized a divorce are advised to carefully review their situation and account for all necessary changes.

The pitfalls of using social media while in a divorce

It may be very tempting for Texas residents in a divorce to take to social media to rant about their ex or their divorce. However, that short rant could prove costly in the long run. It is important to remember that social media is not private, and, even if someone has blocked an ex, there are still ways an ex can see that information and use it in the divorce.

Cleese paying millions in alimony

Texas audiences who enjoyed John Cleese's "The Alimony Tour" may not be too surprised that the title of the show was based on real circumstances from his life. After he and his psychotherapist wife entered into a divorce settlement, the comedian of the one-man show has had to tour to make enough money to pay his hefty alimony payments.

More alimony for ex-husbands

An evolving dynamic in society may be affecting divorces of Texas couples. Lawyers practicing family law have noticed a recent increase in the number of men asking for alimony in divorce hearings. Women earning more than their male spouses is becoming a more prominent trend throughout the entire country. he most recent data from the Census Bureau indicates that of those people receiving alimony payments in 2010, men only accounted for three percent of this total. This could be changing. According to a survey conducted by the American Academy of Matrimonial Lawyers in 2012, 47 percent of the respondents indicated that they had noticed among their own clients an increase in how many women now pay spousal support. This trend is likely to continue as women earn more in the workplace. The CEO of a financial planning firm for divorcees recalls waiting three years in at the start of his career to see a woman making alimony payments. His financial planning firm has now had seven cases with women paying spousal support in 2013. Many people are still resistant to accept this new dynamic because it clashes with conventional attitudes developed throughout society. Some judges remain skeptical of men asking for alimony, and men are generally less committed to these claims than women are. Some lawyers have been successful helping men without children receive alimony payments as well. Spousal support is often a key issue during a divorce proceeding, and it can sometimes be a contentious one as well. While the Supreme Court has ruled that the determination of an alimony award has to be made on a gender-neutral basis, it may take some time before men are comfortable in requesting it.

What to ask prior to divorce

Texas couples who are preparing to end their marriage may wonder what information they could use to help simplify the process. People often have so many concerns and questions that it can be overwhelming. Having some basic information about divorce early on can help, so it is important to know what types of questions to ask at the beginning.

Divorce can have a fair outcome

If a divorce is amicable, both parties could be better off financially in the long run, according to a financial advisor. Trained mediators who handle financial disputes might help each partner work out a fair and equitable share of their assets and combined incomes. Most states, like Texas, have a wide range of mediators available for consultation. Most of the stress during a divorce is finance-related; individuals often have to change their lifestyles and cut expenses. In some states, assets can be cut nearly in half during a divorce.

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