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Alimony Archives

Pay attention to alimony payment conditions

Alimony payments are a way that people who are ending a marriage might be able to make ends meet if their now-ex was the one who was making the vast majority of the money in the marriage. Alimony isn't automatic. Instead, it is something that the court has to order or that both parties have to agree upon.

Lump sum alimony payments help you break ties sooner

Alimony payments are one thing that might tie you and your ex together for longer that what you want to think about. Many alimony orders are based on monthly payments. This doesn't have to be the case. Some alimony orders might include alternatives to monthly payments.

Alimony payments aren't automatic in Florida

Some divorces involve alimony, or spousal support, but this isn't the case for all divorces. In Florida, alimony is handled on a case-by-case, so don't think that just because someone you know was able to receive alimony that you will also be able to. There are several factors the court considers when trying to decide if someone should receive alimony payments.

Lump sum alimony payments have specific benefits for the payer

Spousal support is something that doesn't occur in every divorce; however, it can be a considerable point in the divorces that do include it. If your divorce is likely going to fall into the group that does include alimony, you might want to find a way to lessen the blow that the payments have on your pocketbook.

Alimony payments can be difficult to determine

In our previous blog post, we discussed how some people might consider lump sum alimony payments instead of regularly occurring payments. There are many benefits and considerations for both types of alimony that you should think about if this is a factor in your divorce. We know that you might have some questions. We can help you get the answers to those questions.

Lump sum alimony payments might be an option to consider

Some divorce cases, especially high-asset divorce cases, may have alimony payments as a component of the divorce. If you are facing the prospect of having to pay alimony, you might consider a lump sum payment instead of having to get roped into making monthly payments. If you are the spouse who is getting the alimony, you should consider the benefits that you will have if you get a lump sum payment.

What is the purpose of alimony?

In the previous blog post, we discussed how alimony can affect your taxes. For people who are going through a divorce, alimony is sometimes a consideration but it isn't guaranteed. There are certain points that are considered when the court is determining if alimony is appropriate.

How does alimony affect taxes?

When you are getting a divorce, the question of alimony might come up. If this is the case with your divorce, you should understand some points about alimony and how it affects your taxes. This can be an important consideration during the negotiations if you are going through mediation.

Can you pay alimony with a lump sum?

Typically, alimony in Florida is used when a spouse is dependent on the other spouse financially. At the time of the divorce, that spouse may not have the means to support himself or herself. This is especially true when the person quits a career to get married and raise a family, and he or she hasn't worked in years. It's not always a simple matter to get back into the workforce, and the courts recognize that that person expected to be taken care of when the wedding occurred, making life decisions based on that knowledge.