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Kravitz & Guerra

Physical Address: 905 Brickell Bay Dr., Lobby, Miami FL 33131 - USA

Mailing Address: 801 Brickell Bay Dr., Business Box 18, Miami FL 33131 - USA

alimony and taxes 1140x754 - What Is Alimony?

What is alimony? Alimony is a set amount of money that one spouse pays to the other during the divorce process or/and following the final divorce. Courts might require the higher-income spouse to assist the less-earning one with maintaining the marital lifestyle for certain time after the divorce.

The party with the lower income may claim that he/she cannot pay basic monthly bills without the assistance of the other. Also, spouses who have received health insurance through their partner may be eligible for continued insurance coverage. Contact a competent family law attorney for assistance with those matters.

Under Florida law and depending on various circumstances, spouses might be eligible for different alimony types, including temporary, bridge-the-gap, durational, rehabilitative and permanent. For clarifications about each alimony type and evaluation of your particular case, contact an attorney who is experienced with family law cases. Be aware that alimony can be paid periodically or with a one-time payment.

Judges will take into consideration various factors, including each spouse’s financial resources, investment sources, each party’s earning capacity, marriage lifestyle, age, length of marriage and others. Always consult a competent attorney for relevant professional advice. Each person’s case and circumstances are different, and only a qualified attorney will help you identify the right steps and actions.

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