Category Archives: Alimony
Awarding Different Forms of Alimony in a Single Divorce Proceeding
Financial stability is one of the main concerns of those who are involved in divorce proceedings, so it is important for divorcing couples to have a good understanding of the different forms of alimony and the rules regarding how and when they are awarded. If you are currently going through a divorce and have… Read More »
Is Property or Alimony More Valuable in Divorce?
Before a court will grant a couple’s divorce in Florida, the parties will need to contend with a few complicated issues, including property division and alimony. The former refers to how marital assets and debts are divided between two parties upon divorce, while the latter is a term used to describe the financial support… Read More »
Can I Ask the Court to Change My Alimony Order if My Finances Have Changed?
The COVID-19 pandemic has wreaked havoc on the health, personal lives, and finances of millions of U.S. residents, many of whom live in Florida. Financial uncertainty in particular, can have particularly serious repercussions for those responsible for extra expenses, such as alimony payments. Fortunately, courts are willing to modify an alimony award in the… Read More »
Florida Lawmakers Propose New Alimony Law
Last month, members of the House Civil Justice Subcommittee approved a bill that, if passed, would place caps on how long a spouse can be required to pay alimony and eliminate lifetime alimony in Florida. To learn more about current alimony laws and how they could affect your own divorce negotiations, please contact an… Read More »
How the Alimony Deduction Could Affect Your Tax Return
Despite major changes made to the federal tax code in 2017, IRS officials estimate that this year’s tax refunds should be in roughly the same amounts as last year and issued by mid-May. There are, however, concerns that many tax refunds will end up being much lower than in prior years and that it… Read More »
Alternatives to Traditional Alimony
Recent changes to the federal tax code have had a significant effect on how alimony payments are handled during divorce, as former spouses who make spousal maintenance payments no longer qualify for a tax deduction. Furthermore, alimony recipients must now pay income taxes on all payments that they receive from a former spouse. Both… Read More »
Calculating Income for Alimony and Child Support Purposes
One of the most important factors that courts assess when setting alimony and child support awards is both parties’ incomes. Although wages and salaries may come to mind first when considering what qualifies as income, these are not the only sources of funds that the courts treat as income. For this reason, divorcing couples… Read More »
When is a Lump-Sum Alimony Payment in My Best Interests?
Under Florida law, judges are permitted to require one spouse to pay alimony to the other once a couple’s divorce is finalized. Although in some cases, judges are willing to award alimony on a permanent basis, it is much more common for one spouse to receive a temporary award. These types of alimony awards… Read More »
An Overview of Alimony Awards in Florida
One of the issues with which divorcing couples must grapple after filing for divorce is whether one of the parties will be required to provide spousal maintenance to the other, either on a short-term or long-term basis. Which of these arrangements applies depends in large part on the parties’ financial circumstances, as well as… Read More »
Permanent Alimony Bill Dies in Subcommittee
Over the last few years, a number of Florida lawmakers have proposed revising the state’s family law code to abolish the ordering of permanent alimony by courts across the state. This year was no exception, as House Bill 1325 was filed earlier in 2019, and if passed, would have gone into effect in July…. Read More »
