If you work in a field that required you to work hard to get to where you're at, then most likely you want to protect as many of assets from being split up if you and your spouse divorce. One of the best ways to ensure that what you have worked so hard to amass doesn't get lost is to draft a prenuptial agreement before you get married.
In Florida, state statute 61.08 describes alimony as having the purpose of bridging the gap as a spouse moves from being co-dependent on their husband or wife to being self-supporting. These support payments are rarely ordered to be paid long-term. Instead, a judge takes into account a number of different considerations when deciding how much spousal support to award either the husband or wife.
While alimony can help you bridge the gap as you attempt to get back on your feet after a divorce, it's important to keep in mind that the receipt of these funds carries with it many tax obligations as well. Although property settlements or child support are both non-taxable, alimony is the complete opposite.
While you don't always need as many documents as you might think to file for spousal support, it does help to come prepared. If you think you might file for spousal support of any type during or after a divorce, consider gathering some information ahead of time. When you meet with a lawyer, you'll already be somewhat prepared with documents and data, which can speed up the process. Here are some common documents you might need when filing for alimony or support.
In our most recent blog post, we discussed how alimony doesn't have to be a forever arrangement. In some cases, we can work it to so that you have a time limit for the payments or we might be able to arrange a lump sum payment so that you don't have to worry about alimony again.
Many people look at alimony as a life-time agreement, but that's not always realistic. Understanding that alimony doesn't have to be a forever agreement is important when you're going through a divorce, especially if you're the one who is going to be making the payments. While the circumstances of your life now might mean alimony in a certain amount makes sense, the financial circumstances for both parties can change and it might be worth getting a temporary agreement in place or agreeing to revisit the amounts periodically.
The calculation of alimony actually varies a lot by case and by court. Alimony calculations aren't mandated by specific state rules in the same way child support is, and courts have some leeway in deciding matters related to alimony. In come cases, the two individuals might negotiate and agree to alimony outside of the court, and the court would likely honor such agreements.
As you go through a divorce, you'll be faced with many questions. At some point, you may wonder if you're in position to receive alimony from your former spouse. While spousal support is not required by law in Florida, you may find that you are in position to fight for this type of payment.
In divorce, alimony can be ordered paid from one of the divorced parties to the other. These payments can be for life or only a set number of years. While every case is based on the unique circumstances of the divorced parties, in many cases the amount of alimony can be changed.
Being required to pay alimony to an ex is an obligation many people across Florida would rather not have. If you have been ordered to pay spousal support, you are likely quite anxious to be done with making payments to someone to whom you are no longer married.