If a judge has ordered you to receive alimony, you may think that what you’ll receive will remain the same for the foreseeable future. While that’s likely the case, changes in your ex’s life circumstances may result in a modification of support in the future. It’s essential that you do a good job of documenting your expenses the first time around in case your needs and your ex’s ability to pay change down the road.
Sometimes, people may forget or neglect to mention certain expenses. You may not be aware of how much you are regularly spending. You may make many random cash withdrawals or pay tips at restaurants that can quickly add up. You should keep track of these to get a better idea of how you spend these funds.
You may have friends and family and regularly purchase gifts for them. Depending on your relationship with the person or the occasion, those gifts may typically be for specific amounts. You may also have corporate or business accounts. You may sometimes use those accounts for personal expenses. These are also expenses that you’ll need to track and account for when requesting alimony.
Throughout the year, the amount you spend may vary based on different needs and obligations. You may spend more or less around certain holidays. There may be seasonal expenses, such as insurance payments, taxes and various types of annual or quarterly renewals. You may be doing yourself a disservice if you don’t account for these when documenting your expenses and requesting spousal support.
Going through a divorce can be an emotional time. However, it’s essential to have a detailed understanding of your finances before requesting or agreeing to alimony. An experienced attorney can review your Florida case and help you calculate your monthly and annual expenses. Your lawyer can negotiate with your ex on your behalf in hopes of arriving at an alimony settlement that is right for you.