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Coming up with an alimony agreement during a divorce can be a particularly difficult part of the process. Determining an amount that both parties agree on is possible, however, but not without the best Florida family attorneys fighting on your behalf.
The first thought that rings in most people’s minds after hearing divorce is “alimony”. Also known as spousal support, alimony in Florida can help you adjust to your new life without the financial support of your spouse. Unlike child support calculations where you must use formulas and abide by strict guidelines, alimony can work in a number of different ways, including short-term or long-term plans.
Determining the amount of alimony you receive will depend on several factors, including:
- The lifestyle maintained during the marriage
- Length of marriage
- Health conditions
- Assets and liabilities
- Annual income
- Contributions of each party
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What Else You Should Know About Florida Alimony
- For divorces finalized prior to December 31, 2018, alimony was taxable to the person who was receiving alimony and deductible to the person paying the alimony. For divorces finalized on or after January 1, 2019, you can no longer take advantage of the tax deduction for alimony payments. At the same time, the supported spouse cannot report the money as income for tax purposes.
- There are five types of alimony in Florida: temporary, bridge-the-gap, rehabilitative, durational, or permanent.
- Few states offer bridge-the-gap alimony, and rehabilitative alimony is the most common form of alimony in Florida.
- Either spouse can request to modify or review alimony unless they agreed in writing not to do so.
Understanding Alimony in Florida
There are several kinds of alimony that may benefit your particular situation.
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Spousal Support Lawyers in Florida
These matters are complicated, and understanding the role that alimony plays in your divorce is very important.
Most people believe that women always fall on the receiving end when it comes down to alimony in Florida. However, this is no longer the case. With women becoming primary breadwinners of almost a third of families, they now pay for child support and alimony as well.
Are you preparing for a divorce and you’re ready to discuss all of your options, including alimony? Or perhaps you’re ready to modify or request to have your alimony arrangement reviewed. No matter your needs, we are here to help. Contact Garcia Law, PLLC, for representation during alimony cases and a number of other family law matters.