Frisco Divorce Lawyers

Reducing Alimony Payments

Following a divorce, it is often the case that one individual is in a better financial situation than the other, and alimony was designed to help make sure that the disadvantaged spouse could continue to have a similar standard of living to that what he or she had become accustomed. As such, the spouse who is in a better financial situation is usually required to make monthly payments to his or her ex-spouse.

However, unexpected events can occur, dramatically changing the financial situations of both members of a divorced couple. As such, there are ways for people to have their alimony payments altered after a divorce is finalized

To reduce alimony payment, you will need to show why any new circumstances are preventing you from making your payments, and your financial records will be subject to investigation. If you are interested in learning more about your legal options for altering an alimony agreement, contact the Frisco divorce lawyers of Alexander & Associates at 972-420-6570.

When Alimony Can Be Adjusted

It may be possible to adjust alimony payments in the following situations:

• The individual receiving alimony has remarried
• The person responsible for paying alimony is approaching retirement
• There is a drastic change in the financial situation of the spouse paying alimony
• The person receiving alimony payments is supporting another significant other with money from alimony payments

There are a number of other factors that the court may consider depending on your situation, and you should speak with an attorney if your payments are becoming unmanageable.

Contact Us

The dedicated Frisco divorce lawyers of Alexander & Associates are here to help you with all of your family-law related questions and concerns. For more information, call us at 972-420-6570 to schedule an initial consultation.