Alimony, Spousal Maintenance and Your Frisco Divorce Attorney
On your wedding day, you were all smiles and ready to face the future with your new spouse. Little did you know that years later you would be heading to divorce court! This is not something that anyone plans on, but it does happen, and it happens very frequently. If there is any property or money involved, the proceedings can get pretty sticky. If you are going through a divorce, you need the help of a skilled Frisco divorce attorney to ensure that you are going to be treated fairly and get everything that you deserve.
What You May Be Entitled To – Alimony, Spousal Maintenance And More
Once you are married, your income and that of your spouse are usually combined to pay the household bills. When you divorce, you will be back to living on one income. But you may be entitled to certain benefits following the divorce, and a Frisco divorce attorney can help fight for what you deserve.
You may be entitled to alimony. Alimony is payments made to you by your former spouse, and this is something that both parties must agree upon. This agreement can be changed under certain circumstances, such as if you remarry. The alimony payments are tax deductible to the party that pays and to the party that receives the payment it is included as part of the income. Thus, payments are not so expensive to the paying party and the receiving party has more cash to spend.
You may also be entitled to spousal maintenance, which is required in a marriage that has lasted 10 years or longer. These payments are usually short term, up to three years, and there is a cap of $2,500 monthly.
If you are going through a divorce and would like to learn more about your rights and what you may be entitled to financially, you can arrange for a free consultation with a Frisco divorce attorney at Woods, May & Matlock by calling the Frisco office at 214-387-8501 or the McKinney office at 972-387-9955.
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