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5 Mistakes People Make When Selling Structured Settlements
5 Mistakes People Make When Selling Structured Settlements structured settlements, lottery winnings, annuities Mistake One: Agreeing to sell to the highest bidder. Unfortunately, some brokers or structured...

Credit Report – Check Yours Regularly…and for Free
In the twenty-first century, there are few documents that have a greater impact on the lives of Americans then their credit report. Credit rating determines one’s ability to buy a home, a car, or to obtain a credit card or a job. Since these things...

Hawala, or the Bank that Never Was
In the wake of the September 11 terrorist attacks on the USA, attention was drawn to the age-old, secretive, and globe-spanning banking system developed in Asia and known as "Hawala" (to change, in Arabic). I. OVERVIEW In the wake...

Structured Settlement: Deciding If This Is The Way To Go
Often, a structured settlement is one that offers the payment of funds owed in an agreed upon way. It works to allow individuals to receive payments of the money that is owed to them in such cases as a lottery winning or a personal injury lawsuit. ...

What is Structured Settlement?
Because it is tailor-made for individual cases, the structure may also include some immediate payment to cover special damages. The payment is usually made through purchase of an annuity from a Life Insurance Company. Subcontractor A trade...

 
Post-Divorce Alimony in Texas

This article provides a brief overview on Texas law concerning post-divorce alimony. Laws differ from state to state and individual circumstances vary, so you should consult with a qualified family law attorney in your area for specific advice on your particular situation. Additionally, this article deals only with post-divorce alimony. It does not address temporary alimony, which is provided for under a different provision of the Texas Family Code.
Two Kinds of Alimony: Contractual and Court Ordered maintenanceThere are two kinds of post-divorce alimony in Texas: contractual alimony and court ordered maintenance. The Texas Family Code also provides authority for the court to order temporary alimony which occurs while a divorce is pending. However, temporary alimony is outside the scope of this article and will not be addressed.Contractual AlimonyContractual alimony is based on an agreement between the parties in their divorce decree. For tax purposes, contractual alimony is normally deemed income to the receiving party and is deductible from the income of the paying party. Since contractual alimony must be based on an agreement of the parties, there are no limits to the possible amount or duration of the alimony. Court Ordered Maintenance Court ordered maintenance is provided for by Texas Family Code Chapter Eight. Although actually awarded in only a small percentage of Texas divorces, the court has the right to order one spouse to pay the other post-divorce maintenance in either of two circumstances:1. The payor spouse either received deferred adjudication or was convicted of a crime constituting family violence within two years of the filing of the divorce case, or2. The parties have been married at least ten years and the receiving spouse has some kind of financial limitation (disability, unable to work because caring for the party's child, or lacks earning ability to meet minimum reasonable needs).The monthly amount of court ordered maintenance is capped at the lesser of: a) $2,500 or b) 20% of the monthly payor's gross income.The maximum duration of court ordered maintenance is three years. The only exception is when maintenance is ordered as the result of a disability, in which case the duration can potentially extend indefinitely. ConsiderationsWhere there is a large disparity in incomes alimony can sometimes be used as a useful settlement tool. Since alimony is generally taxable to the receiving party and deductible to the paying party it can be often structured so that it is advantageous to


both parties.For example, a party in a high tax bracket can agree to make monthly alimony payments in exchange for a more favorable property division. If the receiving party is in a lower tax bracket, the overall income tax paid could be significantly lower than what it would be otherwise. Another factor to consider is how rarely Texas trial courts order maintenance, absent an agreement. The statute allows for maintenance only when the specific statutory circumstances have been proven. There are several appellate cases that have reversed trial court decisions ordering maintenance when the requesting party did not provide sufficient proof that the standard had been met. In cases where there is a large amount of community property, one of the most effective arguments in attempting to defeat a maintenance claim is that the requesting party will have ample resources to provide for their needs since the party will receive a significant amount of assets from the division of property.Another common argument used to defeat a maintenance claim is that, during the pendency of the divorce, the requesting party has not made significant attempts to either obtain employment or obtain training that would allow the party to obtain employment. As an example, lets take a divorce case where the wife is requesting maintenance on the grounds that the marriage is longer than ten years and that she lacks the earning ability to meet her minimum reasonable needs. If the case has been pending for several months and at the time of
trial she has still made no effort to obtain employment or improve her job skills, it will be a difficult claim to succeed upon. The court is unlikely to find that she is "unable" to meet her reasonable minimum needs and more likely to believe that she is unwilling to take the necessary steps in order to provide for her own support.ConclusionAlimony in Texas, while rarely ordered, is an important and complicated issue. It can be used as an effective settlement tool and can potentially be a significant trial issue. For someone involved in a Texas divorce case with a potential alimony issue, the issue should be discussed in detail with an experienced divorce lawyer.

Scott Morgan is a practicing Texas divorce attorney. For more information on texas divorce visit his website at http://www.texas-divorce-info.com. The website provides general information and resources on divorce, as well as specific information on Texas divorce law.


 

National Structured Settlements Trade Association (NSSTA)
Provides structured settlements using periodic payments to resolve claims.
www.nssta.com
 
Structured Settlements
Setting up structured settlements for personal injury claims.
ilf.hartfordlife.com
 
Structured Settlements, Structured Annuity, Structured Settlement ...
Full-service plaintiff structured settlement firm since 1986, providing services and strategies for personal injury lawyers and clients during the ...
www.structuredsettlements.org
 
Structured Settlements | Annuity Purchasers
Structured Settlement Buyers. Purchasers specializing in structured settlements and lottery winnings. Site contains attorney, broker and investor ...
www.ppicash.com
 
Structured Settlement Cash for Structured Settlement Annuity ...
Annuity Transfers Homepage - Buyer of Structured Settlements · Home | Sell Your Payments | Brokers | Investors | Testimonials ...
www.annuitytransfers.com
 
EPS Structured Settlements Group: A Structured Settlements Company ...
EPS Settlements Group is located in Denver, Colorado and is a founder of the structured settlements industry.
www.epssettlements.com
 
Mckellar :: Structured Settlements
News. ... Skip Intro Always >>
www.mckellar.com
 
The Structured Settlement - What You Need To Know
About two thirds of states have enacted laws which restict the sale of structured settlements, and tax-free structured settlements are also subject to ...
www.expertlaw.com
 
Settlement Capital Corporation - sell structured settlements,sell ...
Direct purchaser of structured settlements and other annuities.
www.setcap.com
 
John Hancock Insurance and Financial Services :: Explore Our ...
A structured settlements annuity provides injury victims or the victim's ... John Hancock Structured Settlements and Attorney Fee Annuities are just two ...
www.johnhancock.com
 
Structured Settlements - Prudential Financial
Your company may become liable to pay a settlement as the result of a legal proceeding. A Structured Settlement Annuity provides ongoing periodic payments ...
www.prudential.com
 
Finance - Structured-Settlements Ezine Articles
EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites.
ezinearticles.com
 
Understanding Structured Settlements: A Novice's Guide to the ...
Learn what a Structured Settlement is in plain English. Find Structured Settlements company, payments, broker, annuity and loan info.
www.noendpress.com
 
structured settlements, personal injury, annuity, disability, accident
Structured Settlements allow income to be spread over time, which is safer ... Structured settlements are often ideal under the following circumstances: ...
www.structuredsettlementhelp.com
 
Structured settlement - Wikipedia, the free encyclopedia
Structured settlements were first utilized in Canada and the United States ... Structured settlements are now part of the statutory tort law of several ...
en.wikipedia.org
 
Structured Settlement vs. Lump sum - What to do?
More and more claimants are choosing structured settlements. ... Most structured settlements come in the form of an annuity, which is sold by a third party, ...
injury.freeadvice.com
 
Welcome to The Halpern Group, experts in structured settlements ...
Offers structured settlements, consulting and negotiation services to attorneys representing injured clients.
www.halperngroup.com
 
Structured Settlements Leader J.G. Wentworth, JG Wentworth ...
Structured Settlements Leader JG Wentworth, JG Wentworth Settlement Funding - More than 25000 individuals have come to JG Wentworth to finance their dreams ...
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DOG BITE LAW - Structured Settlements
For those reasons, changes were made to the Internal Revenue Code that enable knowledgeable attorneys to create "structured settlements." ...
www.dogbitelaw.com
 
Structured Settlements Law – Lawyers, Attorneys & Free Legal ...
I am confused by the number of internet sites that plug offers of structured settlements, sale of structured settlement annuities, and attorneys who offer ...
injury-law.freeadvice.com
 
 

 

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