Category Archives: Alimony
Modification of Child Support or Alimony Due to COVID-19 Furloughs and Layoffs: Will It Be Permanent?
Florida companies continue laying off and furloughing employees as the end of the COVID-19 pandemic is nowhere in sight. Many of those laid off and furloughed are unsure that they will be able to find a new job after the coronavirus crisis ends. The loss of income as a result of furloughs and layoffs… Read More »
Alimony payments provide financial support to ensure that the lower-earning spouse can maintain the standard of living established during her or his marriage with the payer spouse. But, as you may know, under Florida’s family law, the higher-earning spouse’s obligation to pay spousal support automatically terminates upon the death of either spouse. Life can… Read More »
No one is ever prepared to discuss alimony, even those who have been contemplating their divorce for months before announcing their plans. “How do I discuss alimony with my soon-to-be ex-spouse after he/she has just found out that we are getting divorced?” many people think. Yes, discussing alimony with your spouse can be tough… Read More »
Divorce is a shock to a person’s finances, and one way some spouses with limited resources bridge the transition into singlehood is through spousal support or alimony. Alimony is, by and large, a temporary, but essential, form of financial assistance that many former spouses need until education and/or more secure employment is obtained. Alimony… Read More »
Amidst all the concerns of divorce, the tax consequences of property settlements and the payment of alimony are not commonly on a spouse’s radar. Property settlements can result in significant tax liability if not correctly structured, thereby reducing the real value of the acquired assets. When it comes to alimony, the party who pays… Read More »
Alimony is a touchy subject for couples getting divorced, and is often a highly-disputed issue in the divorce case, assuming it was not earlier addressed in any prenuptial agreement. There is no set formula for how much support one party would need to pay the other, leaving courts with wide discretion over determining the… Read More »