How is Alimony determined in Florida?
What is Alimony?
Alimony is considered by the basis of the standard of living established by the marriage, as well as the duration of the marriage. There is also the matter of the age of each party. Also, the physical health of each party also matters to the court. The financial resources of each party must be divided accordingly with regards made to the emotional condition of each spouse.
Financial resources count as both nonmarital and marital resources. The contribution of each party is taken into account including services rendered in-home care, childcare, education, and helping the other party put together a career.
Divorcing a spouse demands alimony or a monthly income situation from the spouse you divorced until that spouse can support themselves. Alimony payments are merely the result of one spouse having more abilities to make money than the other spouse. A spouse with greater financial resources has to support the other spouse by law, which is why marriage is a financial agreement because the court may grant alimony to either party.
However, some payments may be made in a lump sum to the ex-spouse as alimony in Florida payment in either circumstance that the court requires it as a task to be completed when the proceedings are.
Different Types of Alimony
In the case of alimony, the court can order that a life insurance policy be taken out or even a bond so as to secure properly the alimony award. Under Florida law, the alimony may be rewarded in a lump sum, or combined. Alimony is a way to level the playing field between divorcing partners depending on who has more. The court can look at non-monetary aspects of the marriage. Short-term alimony comes from a marriage that lasted fewer than 7 years, while a moderate-term marriage lasts seven or more years. A long-term marriage in Florida is 17 or more years.
Alimony As A Means of Getting Job Training/Education
Temporary alimony is alimony awarded during the divorce case, known as alimony pendent lite, an award artificially ended by the beginning of formal divorce proceedings. Other types of alimony such as Bridge-the-gap alimony, which is transitional alimony, transitions implying going from marriage to being single.
Rehabilitative alimony is about paying for educational programs or vocational training skills that help a person get to financial self-sufficiency. If this means getting an apprenticeship going, the spouse will require financial help with this plan the spouse should stick to.
Duration of Alimony Set to Duration of the Marriage
Durational alimony is alimony set to the duration of the marriage, so if the marriage was 5 years, the alimony will last 5 years afterward. Permanent alimony is a type of alimony that is granted during long-term marriages in order to maintain a similar standard of living that they were used to during the marriage. It is necessary for spouses to provide each other with what they will need to establish their lifestyle choices after the marriage is dissolved.