When you are facing a divorce, your emotions are all over the map from anger for past wrongs to disappointment over lost hopes and dreams of sadness regarding the breakup of a family. Fear can also come into play if you are worried about your financial security, especially if your spouse makes substantially more money than you. The best way to defeat fear is to battle it head-on, so make sure your financial future is secure by talking to the outstanding legal team at Doran Sims Wolfe Ciocchetti & Yoon about alimony.
We have experienced attorneys in Daytona Beach who have practiced alimony law for over 35 years, so you can rest assured that we are able to effectively represent your case.
The Basics of Alimony
Alimony or spousal support is a monthly payment by one spouse to another in accordance with a settlement agreement or court order following a divorce. Essentially, the purpose of alimony is to correct any unfair economic effects brought about by divorce. For instance, if a stay-at-home parent needs a source of income when they have never had a job before, many factors go into deciding the amount, including the age and physical condition of each spouse, the amount of time needed to become self-sufficient, and the standard of living during the marriage.
Florida Alimony Laws
Many states have additional alimony requirements. In Florida, for example, courts usually do not award permanent alimony if you have been married for less than seven years. Other factors may include both spouses’ financial resources, the contribution of each spouse to the marriage, the earning capacity of each spouse, and sources of each spouse’s available income. Florida recognizes five types of alimony, which include:
- Bridge-the-gap alimony helps the receiving spouse get on their feet.
- Permanent, periodic alimony provides monthly payments until the receiving spouse remarries, cohabitates, or one party dies.
- Rehabilitative alimony is awarded so the receiving spouse can obtain the necessary job skills or education for employment.
- Durational alimony covers only a certain period of time.
- Lump sum alimony is used in lieu of periodic payments or when the court decides to award an asset from the marriage instead of periodic payments.
Helping You Make Sense Of It All
Trying to figure out if you qualify for alimony may seem like a daunting task, but the dedicated family law attorneys at Doran Sims Wolfe Ciocchetti & Yoon are happy to help shed some light on this complicated matter. Whether you are on the paying or receiving side of alimony, we will walk you through the process to ensure that the settlement is fair and your assets remain intact. Since every alimony/maintenance case is different, we will provide you with the personalized representation you need to achieve the absolute best results. To find out whether you qualify for alimony, contact our dedicated legal team at (386) 506-8325 today!