Thursday, January 8, 2015

Crunching the Alimony Numbers

When married couples in Florida go for divorce, the alimony payments are one of the things to account for in the overall settlement plan. Under 2014 Florida Statutes Title VI Chapter 61, the court is empowered to grant alimony to either side as a lumpsum or as a monthly payment; even then, determining the final amount presents a major challenge. You will need a divorce attorney from Orlando to fully craft the data and argue the amount’s viability before the court.

To determine the need for alimony, the requesting side should elaborate various factors before the court. These include the petitioner’s educational background, livelihood, age, health, the duration of the marriage, and the standard of living he or she enjoyed during the marriage.

Courts also place higher value on the proposed alimony-paying party’s net income and all sources of income must be disclosed. In line with full-disclosure protocols required of an alimony case, previous lawsuits filed in the Fourth District Court of Appeals in Florida showed precedents for including overtime bonuses in factoring the payments – unless the paying spouse reasons that their sources of income might not have space for overtime pay in the future.

Spouses who deem it better to go their separate ways deserve a chance to prepare themselves emotionally and financially. Running the numbers with you lawyer will make all the difference.

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