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Alimony Archives

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 person expected to be taken care of when the wedding occurred, making life decisions based on that knowledge.

Alimony might help you to get your new life started

When you get a divorce, you will likely go from two incomes to one or from one income to no income. That doesn't mean that your expenses are going to go down at all. Instead, you will have normal expenses plus legal fees and other expenses associated with the divorce to think about. There are some cases in which you might qualify for alimony. Finding out if you qualify for this spousal support is crucial if you think that you will need financial help to get your new life started.

Florida bill could bring changes to alimony

Alimony and spousal support are some of the most adversarial issues you may face during your divorce. While many people understand the need for child support, having to pay your ex-spouse money is not as easy to swallow. While under the current Florida laws, permanent alimony is an option, this could be changing soon.

Understanding alimony and modifications

Whether or not you qualify for alimony or spousal support can be a confusing subject when it comes to divorce. Even once you figure out if alimony is an option, there's still the matter of how much to be decided. It's no surprise that this can be a contentious issue in divorces, but having an experienced family law attorney in your corner as you negotiate and settle alimony payments can help a great deal.

How can I prepare for an alimony hearing?

Alimony is one aspect of divorce that many couples disagree about and end up needing to have the courts step in and decide. While your attorney will handle the filings and court proceedings involved in your case, there are some things you can do to prepare for a hearing or trial as well.