Palm Beach Alimony Lawyer
In a divorce proceeding, the court may grant alimony to either party if supported by the facts and the law. As part of a structured divorce settlement, you may also choose to include alimony or waive it, subject to final approval by the court. Because the tax implications of alimony payments are different from those of child support payments, the benefits and potential drawbacks of paying or collecting alimony must be carefully considered, whether you are the one likely to give or receive support. The Law Office of Georgia T. Newman can help ensure you obtain a fair alimony arrangement during and after divorce, contact our experienced Palm Beach alimony lawyer today.
Factors Determining Florida Alimony Awards
Alimony is not awarded in every divorce. Florida courts determine whether or not to grant a spouse alimony based on a number of factors, including the length of the marriage and the health and earning capacity of each spouse. There are various types of alimony which may be awarded by a Florida court including “temporary” alimony which may be awarded during the pendency of dissolution of marriage litigation, “permanent” alimony which is awarded mostly after long term marriages, “bridge-the-gap” alimony to assist the transition from married to single life, “durational” alimony for a set time, and/or “rehabilitative” if education or training is needed for the recipient spouse. Whether alimony is appropriate, and the type or types of alimony to be awarded will depend on the particular circumstances of the marriage, such as:
- The standard of living established during the marriage.
- The duration of the marriage.
- The age and the physical and emotional condition of each party.
- The financial resources of each party, including the marital and non-marital assets and liabilities assigned to each during property division.
- The earning capacities, educational levels, vocational skills, and employability of the parties, and (when applicable) the time necessary for either party to acquire sufficient education or training to enable him or her to find appropriate employment.
- The contribution of each party to the marriage, including homemaking, child care, and education and career building of the other party.
- The responsibilities each party will have with regard to any minor children they share.
- The tax treatment and consequences to both parties of any alimony award, including the designation of all or a portion of the payment as a nontaxable, nondeductible payment.
- All sources of income available to either party, including income available to either party through investments of any asset held by that party.
- Any other factor necessary to do equity and justice between the parties.
With all of these factors, there are a wide range of possible outcomes when a court is deciding whether and for how long to award alimony. In a high-net worth divorce, if one spouse is going to receive income-generating assets, or a large liquid account, it may be argued that he or she does not “need” alimony. We (utilizing the advice of financial experts when necessary) help you determine what income could be generated from on assets received, and how this income would bear on the ability of the receiving spouse to support him or herself without maintenance.
Contact an Experienced Palm Beach Alimony Lawyer for Help with Alimony in Florida
Whether you are seeking alimony or defending against it, the Law Office of Georgia T. Newman is prepared to advocate for you at every stage of divorce proceedings. To discuss your alimony issue with an experienced West Palm Beach alimony lawyer, please contact us to schedule a confidential case evaluation. We can help you come out on the other side of divorce in the best financial position possible.