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October 2018 Archives

What you need to know about changes to alimony payments in 2019

Divorce is rarely easy, and changes in the federal tax laws are going to mean one facet of divorce is about to get trickier: alimony. In Texas, alimony or spousal maintenance support is either ordered by the court or entered into voluntarily. It can be one of the most contentious elements of divorce. If you are considering a divorce or your divorce is not finalized by Jan. 1, 2019, you need to know how spousal maintenance payments will change.

How divorce may affect retirement

More people in Texas may be experiencing what is often called "gray divorce," or divorce for adults 50 and older, than in previous generations since experts say divorce in this age group is rising. While this is more common in second marriages and marriages of shorter duration, couples who have been married for decades are divorcing as well. For these couples, the split may be particularly complicated since they may have deeply entwined assets.

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Barker Law Firm PC
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