If you're moving toward the divorce process, it's time to learn more about alimony. While it may not end up being a part of your divorce settlement, it's still a good idea to understand how it works.
Alimony, also known as spousal support, is a monthly payment made by one former spouse to the other. The purpose of alimony is to reduce the economic impact of divorce on one spouse who is at a financial disadvantage.
Following is some important information about alimony:
- Who determines if alimony is awarded? This is determined on the state level based on various laws and procedures. Guidelines vary from state to state, and no two cases are exactly the same.
- What does a family law court look at? When determining eligibility for alimony, the court typically considers the following: if one person is unable to support themselves after the divorce, if they lack the financial means to provide for reasonable needs and/or if the parent with physical custody of their children is unable to secure a job outside of the home.
- How is the amount of alimony calculated? This is looked at on a case-by-case basis, and typically includes an examination of: length of the marriage, standard of living, age, physical health, ability of the person to secure employment and overall financial health.
If you're preparing for divorce and feel that you should receive alimony or if your spouse is seeking alimony from you, learn more about the laws that govern it in Florida. Taking the right steps upfront will help you protect your legal rights and seek a fair agreement.