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Posts tagged "Alimony"

A new tax strategy for alimony in a high-asset divorce

The overhaul of the U.S. tax code brought a radical change for many Americans, especially those who filed for divorce after Jan. 1. One of the most significant changes is how alimony is taxed. The new law no longer allows the paying spouse to deduct the payments, while the receiving spouse does not have to claim it as income.

Tax implications of Texas divorce worth tending to

If you are in a marriage relationship that has run its course you probably are motivated to get things over and done with as quickly as possible. The desire to escape the emotional pressure is surely high. But to address all the factors of a Texas divorce, you need to view things through a wide-angle lens.

In spousal support matters, precision with terms is critical

Some wise person once said, "Fast is fine, but accuracy is everything." Depending on whom you choose to go with, that person was either an ancient Greek historian or old Wild West legend, Wyatt Earp. For the purposes of this blog, we'll go with Earp. He's someone with whom most Texans can better identify.

Alimony, maintenance, support: Word changes reveal shifting norms

Not too long ago, when people in Houston and the rest of Texas talked about alimony, everyone pretty much understood what was being talked about. Alimony was that amount of money that ex-husbands paid to their ex-wives as part of a divorce settlement. At the time, divorce was fault based, women weren't in the workforce supporting themselves and the presumption was that ex-wives were owed the support of their ex-husbands for the rest of their lives.

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