Alimony
Fort Worth Alimony Lawyer
Sometimes alimony can benefit both spouses in a divorce. There may be tax advantages gained by paying alimony as opposed to dividing assets, especially in sophisticated property division cases. Through the use of financial advisers and tax specialists, our law firm helps you review your financial situation and take the most favorable course of action. Depending on how alimony is structured, it may benefit the party paying alimony as a deduction write-off and also benefit the party receiving alimony even though they will claim it as income.
In Texas there are two ways to acquire alimony in a divorce, either through a court ordered ruling or through spouses reaching an alimony agreement. The truth is, very few Texas courts rule in favor of alimony. Only two circumstances qualify for receiving alimony, which limits considerably the possibility of having it awarded. In most cases, when the court allows alimony, it is only paid for a period of three years, unless a spouse is disabled. If alimony is right for your situation, negotiating an alimony agreement is probably the best route for us to take.
Discussing your future plans and goals with attorney V. Wayne Ward can help you decide whether alimony may apply to your situation once you are divorced. After a divorce, if you will attend college for further education before returning to the workforce or need time to find a job or to train for a career change, receiving alimony may be a necessary option to consider.
At the Law Office of V. Wayne Ward, we have extensive experience in assisting couples with alimony arrangements. To arrange a consultation to discuss the prospects of alimony, we invite you to call our law firm at (817) 332-1172.