Alimony and spousal maintenance may be only meant to serve as a temporary form of financial assistance to help a former spouse get back on their feet financially. Thus, one who is obliged to pay such support may feel frustrated is they feel as though their ex-spouse no longer needs it. A drastic change in one's financial circumstances may also make it difficult for one to meet an alimony obligation. This may prompt a petition to either modify or end such an obligation. It may without saying that such action may be met with contention.
For divorcing couples in Florida, financial issues are usually tough to navigate. That’s why the financial analysis is so important. Sometimes referred to as a financial affidavit, this document is provided to your legal team to determine things like division of assets and whether alimony is warranted for either spouse. Forbes explains how a lifestyle analysis works and why it’s so important.
If your soon-to-be ex-spouse was the primary financial provider in your household in Davie, then you may have reasonable concerns about your ability to support yourself now that you are separated. If the court determines that your current financial situation (as well as the sacrifices you may have made to help further your ex-spouse's career) warrant it, then you may be awarded alimony once your divorce is final. Yet how about affording everything happening to you in the here and now?
If you are getting a divorce in Florida, there are many things likely on your mind. One of them may be whether you will get alimony or not. You may not know if it is awarded in every case or if it is possible you will not have alimony in your case. Whether you are receiving or paying spousal support, it is a good idea to know how likely it is to be awarded in your situation.
Part of many divorces in Florida is the awarding of alimony. Alimony is seen by the court as one party providing financial support to the other party. The court awards it for many reasons. Often, it is to help a spouse who did not work during the marriage or who is at a disadvantage when it comes to earning potential. It largely depends on the length of the marriage as well. Regardless of whether you receive or pay spousal support, you may wonder just how long it will last.
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.
If your Florida marriage is coming to an end, you may have questions and concerns about where you will live, how your life will change and how you are going to support yourself moving forward. You may, too, have questions about whether you will be able to secure, or conversely, have to pay, alimony once the divorce becomes final, and this will ultimately depend on a variety of different factors.
Like many in Plantation, you may have a lot of misconceptions about alimony. In reality, it is only meant to be a temporary means of assistance while you (or your ex-spouse) work your way back into a position of enjoying a similar standard of living to the one you had while you were married. Alimony may also not be something that you (or your ex-spouse) are required to pay indefinitely. According to the Florida Bar Journal, the court may decide to award a lump-sum alimony payment in your case.
If you have gone through a divorce in Florida, chances are that the matter of alimony has come up throughout the process. Alimony, a way of providing financial support to a former spouse, can be awarded in various forms based on the length of the marriage and need, and can be either long-term or short-term based on the circumstances. According to the Florida State Legislature, bridge-the-gap alimony is a short-term financial support plan that assists one of the parties while transitioning from being married to being single.
For many of those who have been through a divorce in Plantation, the money received from alimony may be their primary means of support. Alimony itself is not meant to be a lifelong source of income for those who are entitled to it, but rather a means to help them compensate for their lost marital income until they can secure gainful employment. Yet for the 400,000 people that Forbes Magazine reports as receiving alimony in the U.S. as of 2014, any missed payments can quickly put them in dire financial straits.