If you are going through a divorce in Texas and are concerned about your finances during and after the divorce, you aren’t alone. Many marriages see one spouse earn an income while the other takes care of the accounts, the home and any other tasks that fall into the day-to-day minutia. In doing this, one spouse may have been out of the workforce for a significant time and may be unsure of how to manage financially when those tasks don’t transfer well to a resume.
As of 1995, in Texas, spousal support, also known as alimony, has become an approved pursuit. It is a court-ordered monetary payment made if the court deems that after at least 10 years of marriage, you are unable to enter the workforce and earn enough to satisfy a minimum reasonable need or will not receive enough through the division of assets to fulfill a minimum reasonable need.
You may also be eligible for spousal support if your spouse was convicted of an incident of family violence within the two years before your filing for a divorce or during the divorce filing.
With a divorce proceeding commencing, it pays to be prepared. If you think you may be a candidate for spousal support, a family law attorney in the Round Rock or Austin area should be able to provide you with significant help in exploring every avenue possible to help you come through your divorce as profitable as possible. While spousal support is not always an easy pursuit, it can certainly ease the transition into a divorce, and because it can be court ordered for a period of three years, it can provide increased time to come up with a financial plan.