Posts tagged "income"

Understanding the definition of alimony and how it affects taxes

Broward County couples who are looking for a divorce may be interested in how alimony payments may affect their taxes. The answer generally depends on some specific qualities of the payments themselves.

Determining who gets alimony in Florida

After a Florida divorce, a judge may award alimony to either party if it determined that it is needed. The alimony may be provided on a permanent basis or for a duration of time as determined by the court. Financial assistance may be used to help one spouse get on his or her feet or help him or her make it through a financial gap. Those who are granted bridge-the-gap alimony may not receive payments for more than two years.

Are there different types of alimony?

In general terms, alimony is a means for divorcing partners to maintain a quality of life similar to that which they experienced during the marriage. Also known as spousal support, alimony orders may come in different forms.

Protocol for alimony determination in Florida

Florida residents considering divorce may have questions about spousal support. There are guidelines established by the state that provide for a recipient's acclimation to being single once again. The court uses certain factors to decide how the amount of alimony is determined.

Alimony payments governed by Florida law

In a Florida divorce proceeding, alimony payments may be granted to either spouse. Payments could be temporary or permanent, and they may consist of period payments, a lump sum payment or a combination of both. In order to award alimony, the court will consider an ex-spouse's ability to supply it and whether the individual receiving alimony actually needs it.

Actor Terrence Howard claims inability to pay spousal support

Florida fans of actor Terrence Howard may not be aware that despite the actor's blockbuster resume, his take-home pay is less than $6,000 per month. This is his claim in the request he has filed to have changes made in his spousal support arrangement for his ex-wife, Michelle Ghent.

Florida may yet revamp alimony laws

Florida residents paying or receiving alimony as well as those contemplating divorce may be interested in recent actions by the state Legislature aimed at reviving a bill changing how alimony payments are awarded. The proposed changes would put a cap on some alimony payments and entirely eliminate others. Citing excessive hardship to those wage-earners obligated to support former spouses indefinitely even after relatively short marriages, reformers claim that Florida's current alimony laws are unfair and outdated.

Florida women work to make alimony equitable

A group of women in Florida is working to make alimony laws more uniform. As the law stands, judges have discretion over the amount that one spouse must pay the other after they divorce. In some cases, retired women are ordered to pay alimony that exceeds half of their monthly income. Florida's governor vetoed a bill in 2013 that would have retroactively ended alimony for some Floridians.

Controversial alimony bill vetoed by Governor

A bill that would have drastically altered Florida alimony law was vetoed by Gov. Rick Scott. The bill would have changed alimony law by capping or eliminating some payments. The payments have been considered to be crucial to spouses in the process of rebuilding their lives in the aftermath of a divorce.

  • The Law Office of Daniel E. Forrest represents individuals in Fort Lauderdale in high-asset divorce matters. Daniel Forrest is board-certified family lawyer and mediator serving the South Florida area.
  • The Florida Bar - Board Certified | Marital & Family Law
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