Determining Alimony Payments
Following a divorce, the courts like to seek an equitable division of assets and property between the divorcing individuals while also helping them maintain their current standard of living. However, this is often difficult to determine. One way courts try and help both parties maintain their standard of living after a divorce is through alimony payments. Alimony payments are typically made by the party that is considered to be in a more financially advantageous position.
If you are considering divorce, you do not need to go through the difficult and complicated process alone. The Denton alimony attorneys of Alexander & Associates can help you fight for a fair alimony payment in your divorce settlement. Contact Alexander & Associates today by calling 972-420-6560.
Factors Affecting Alimony Payments
An alimony settlement cannot be reached until many different considerations are made. The following are the most common factors affecting alimony decisions:
- Income and financial resources
- Value of property
- Length of marriage
- Education and employment skills
- Misconduct or criminal activity
- Fault in divorce
- Contributions to other spouse(s)
- Present standard of living
Some of these circumstances will weight heavier than others, for example level of income may play a much larger role than the age of the divorcing individuals. Negotiations may be made between attorneys to decide what elements should factor into a final alimony decision, and what payments should be.
Alimony payments will be a large part of your divorce settlement. It is important that you have an attorney by your side. Contact the Denton alimony attorneys of Alexander & Associates today at 972-420-6560 to learn more about how alimony payments are determined.
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