You and your spouse have recently made the decision to get divorced in Florida and now you are faced with the very real possibility of having to pay alimony. This often-necessary payment could be required because of a number of options. Understanding why alimony is recommended and why you are being asked to pay may reduce your frustrations and aid you in reaching a beneficial agreement with the courts.
According to Forbes, alimony is a payment that is usually court-ordered. You may be asked to pay it or your spouse may be asked to pay it. This depends on the working status of the both of you and your individual stability in relation to financial security. Some of the reasons why you may be asked to pay alimony include the following:
- Your spouse has less earning power than you do and will require significant time to rebuild his or her assets and savings.
- Your spouse helped you excel in your career during the marriage, thus strengthening your earning power. Meanwhile, he or she is relatively unemployable.
- Your spouse has a lack of formal work experience because he or she opted to stay home and raise a family during the time you were married.
It is important to note that alimony payments could be negotiated to cover only a temporary period of time until your spouse is able to regain his or her financial independence. They may also be paid in one lump sum or broken up into several smaller payments.
The information in this article is intended for educational purposes only and should not be taken as legal advice.