In the event of a divorce, one spouse may agree to paying spousal support, either a voluntarily settlement or through a court order. Of course, wherever money changes hands, Uncle Sam will want his cut, and this holds true for alimony as well. The former spouse who pays alimony can deduct alimony payments on that year’s tax return. This is because the partner who receives...Read More
On Jan. 26, the ex-wife of a former Texas billionaire filed a lawsuit claiming that she was not awarded her fair share of the community property in the original divorce settlement. She also sued her ex-husband on Nov. 6 for failing to make the annual $500,000 alimony payments that she was awarded in July 1993. The couple was divorced in 1991 after being married for 13...Read More
Some Texas residents may be interested in restoring their pre-marital name after divorce. This may be done as part of the divorce order or at a subsequent time. The easiest way is by asking the court to include it when the marriage is dissolved. Once the order is handed down by the divorce court, an individual may use a certified copy to change the name...Read More
If you ask engaged couples what they think about getting a prenuptial agreement prior to marriage, you’ll get a variety of answers. Some people feel uncomfortable signing a prenup because they view them as a bad omen for their marriage. Others believe prenups set their marriages up for success because they understand how finances will be handled both during marriage and in the event of...Read More
Texas residents may be interested in some of the issues that professional athletes run into when it comes to marriage and divorce. Due to the particular aspects of an athlete’s lifestyle, many find out too late that marriage is not for them. For the average American, the divorce rate is around 50 percent. However, divorce rates amongst professional athletes are reportedly between 60 and 80...Read More
Texas fans of Terrence Howard might expect that his various roles in major productions have left him with a sizable disposable income. This is not the case, however, according to the “Hustle & Flow” star. Howard recently suggested that he was unable to afford the $325,000 alimony payments to his former wife to whom he was married for only one year. According to the actor,...Read More
