What’s the Deal with Alimony After Divorce?

Jan 15, 2016 by

Divorce is an incredibly tough time for most couples. The emotional turmoil alone can be devastating, but the financial ramifications can create immense stress and friction. Alimony exists as a protection to divorced parties to ensure that finances are fairly distributed. Here are the most important facts that you should know.

 

alimony payments

Types of Alimony

Each state is slightly different, but Florida in particular provides five different forms of alimony. Temporary alimony is enforced while the divorce is pending to support the lesser earner, so it ends once the divorce finalizes. So called “bridge the gap” alimony exists for a very short time after the divorce to help the recipient meet specific legitimate short-term needs like housing.  Rehabilitative alimony is awarded for the purpose of the lesser earning spouse to attain education and training required for appropriate employment. The fourth form, durational alimony, can be awarded no longer than for the length of the marriage. Finally, permanent alimony is allowed to provide financial support to the lesser earning spouse if he or she can’t self-support at a standard of living close to the marital standard.

Factors in Determining Alimony

Unlike child support, there is no specific formula for alimony. A judge uses all information provided to determine the best alimony solution as per shown by your divorce lawyer. In general, the spouse who earns more money is responsible for helping the other spouse maintain a relatively similar lifestyle after the divorce, if the lesser-earning spouse can’t achieve that alone. But with that said, a court will never award alimony if it would leave the paying spouse with a much lower net income than the recipient.

The length of the marriage, each spouse’s age and health, each spouse’s contribution to the marriage, childcare responsibilities, and all sources of income are considered as factors to decide upon alimony.

Even adultery is considered a factor in alimony decisions if it caused financial harm.

 

 

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