Texas Alimony Trust in Lieu of Alimony and all Claims

State:
Multi-State
Control #:
US-02105BG
Format:
Word; 
Rich Text
Instant download

Description

This is an agreement in which Spouse A (the spouse who is ordered by the court to make alimony and/or child support payments to Spouse B) must put assets (the principal) in a trust, from which the payments are made to Spouse B.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

The cap on court ordered spousal maintenance in Texas is set by statute. The amount of spousal maintenance the judge orders a spouse to pay involuntarily cannot be more than $5000 per month or 20% of the paying spouse's average monthly gross income, whichever is lower.

Texas treats spousal support differently from many states in several ways. For one thing, Texas sets strict limits on how much support a spouse can receive. No matter how much the paying spouse earns, support can never exceed $5,000 per month or 20% of their average monthly income, whichever is smaller.

A Texas Court cannot award permanent alimony. There is one exception ? disability. If there is a permanent disability, the court can award permanent alimony subject to periodical court review. Family violence removes the presumption against awarding alimony and the ?ten year? rule does not apply in this situation.

The duration of payments is up to five years for a marriage of 10 years or more, seven years for a marriage of 10 to 20 years or up to 10 years for a marriage of 30 years or more.

In Texas, some things can disqualify you from spousal support. These include: Cohabitation: If you live with someone else in a marriage-like relationship, you may be disqualified for spousal support. Remarriage: If you remarry before your spousal support obligation ends, you may be disqualified for further payments.

What is the standard alimony allowance in Texas? ing to Abby, ?The maximum alimony ? or spousal maintenance as it is referred to in Texas ? the court will order is $5,000 per month or 20 percent of the spouse's average monthly gross income, whichever is less.

If the marriage lasted at least 10 years, a court may order spousal maintenance to a spouse who does not have sufficient property or earning ability to provide for their own minimum reasonable needs.

Texas law requires a spouse seeking court ordered spousal maintenance who has been in a ten year or longer marriage to prove he or she tried diligently while the divorce is pending to earn enough money to support him/herself or to prepare for gainful employment by going back to school or getting training to develop ...

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Texas Alimony Trust in Lieu of Alimony and all Claims