One of the biggest issues that Florida residents worry about when they decide to get divorced is money. Divorce can be a financially precarious event, as it can change the way in which individuals access and spend their earnings. For some, divorce can be downright terrifying when it comes to money, particularly if they do not work or have income sources of their own.
When a person is in an ending marriage and does not have the means to support themselves independently after their divorce, they may be eligible to request alimony. Not all divorces involve alimony determinations, and the information contained herein should not be used as legal advice. When dealing questions of divorce, money, and alimony, it is always best to get case-specific guidance from trusted family law attorneys.
Factors that impact decisions regarding alimony
As stated, alimony is something that financially dependent parties may seek when they go through divorce. If two individuals end their marriage and both are able to provide for their own needs once their divorce is over, then alimony may be unnecessary. Alimony is needed when a person is financially disadvantaged by the end of their marriage.
There are several factors that courts will look at when a party requests alimony. They include but are not limited to:
- The ability of the parties to earn money;
- The age and health of the parties;
- The length of the parties’ marriage;
- The training the parties may need to re-enter the workforce; and
- The financial resources of the parties.
Types of alimony available through the courts
Alimony awards can be crafted to suit the needs of individual divorcees. For example, one party may only need a single payment of alimony in order to step their post-divorce life, while another may be unable to work and may require alimony for the rest of their lifetime. Alimony awards can be durational, lump sums, and may range for various lengths.
No individual should be too scared about money to end their marriage. When divorce questions regarding alimony arise, it is best to get them answered by legal professionals. Family law and divorce attorneys are excellent assets for men and women who are preparing to file for divorce.