nm
expresswrittenconsent said:
Is that a thing in Texas (spousal support)? Not doubting you, you just dont hear about it much.
You can deduct paying alimony and spouse has to pick it up as income only for divorce agreements prior to 12/31/18. After that, its not a deduction. OP you are on the clock.OregonAggie said:expresswrittenconsent said:
Is that a thing in Texas (spousal support)? Not doubting you, you just dont hear about it much.
It is. 10 years of marriage is a flash point that gets factored in. I got divorced a few years ago and had to pay spousal support of a certain dollar amount, paid out over 3 years. It had nothing to do with the kids and everything to do with me having to support my ex wife since my income was much higher than hers. Good news is that it has tax benefits if your paying it.
It's basically alimony but Texas doesn't call it that.
expresswrittenconsent said:
Wow thx. So 10 yrs is the magic amount of time? Was there a formula to the support owed similar to child support, or were they just trying to "match" each persons income. Obviously not asking for personal details, just curious since op mentioned a 2/1 salary difference.
To OP, good luck. On the question of adult children expenses, I would agree with the poster that said to push for none of that in the divorce since they are adults. Even if you 100% plan to pay for 4yrs of college and healthcare, I would not want a legal decree on the books to enforce it. If you were still married, there could absolutely be a life changing situation in 2 or 3 years where you would not want to, or could not be able to pay for college.
Whatever you do with expenses for grown kids is contractual between the two of you. The court has no authority to force either of you to pay any expenses for kids over 18 and out of high school.trouble said:
It's not mandatory like child support is though. I declined it because I didn't want his money.
As said above, y'all should work out who is paying what in the way of kid's expenses and for how long. An actual date not something like until they graduate college. Make it until they are xx years or graduate college whichever comes first.
My ex and I just discussed things once my son turned 18 and child support stopped. We were each responsible for specific expenses.
Good luck. Even an easy divorce isn't easy.