Continuing to be an area of discussion in the legislature for potential future changes, alimony, also known as spousal support, has changed significantly in Boca Raton from a legal standpoint. There is no formula in Boca Raton to determine how much or how long alimony should be awarded. The Florida statute that regulates alimony now provides more direction as to the awards of spousal support with the help of your alimony lawyer. Alimony in West Palm Beach is awarded and based on one spouse’s financial need for alimony and the other spouse’s ability to pay.
Temporary, permanent, bridge-the-gap, durational, rehabilitative and nominal are all various forms of alimony in Boca Raton. To determine when and if an award of alimony will be received, there are a couple of different factors. Florida law in Boca Raton states that the court must consider these when making an award of spousal support.
(A) An established standard of living during the marriage.
(B) The marriage’s duration in West Palm Beach.
(C) Physical condition, emotional condition, and age of each party in West Palm Beach.
(D) The financial resources of each party, including the nonmarital and the marital assets and liabilities distributed to each.
(E) The parties in Boca Raton’s earning capacities, educational levels, vocational skills, and employability of the and, when applicable, the time necessary for either party to acquire sufficient education or training to enable such party to find appropriate employment.
(F) The contribution of each party to the marriage in Boca Raton, including services rendered in homemaking, child care, education, and career building of the other party.
(G) The responsibilities the parties in Boca Raton will have with any minor children they have in common.
(H) The tax treatment and consequences to both parties in Boca Raton of any alimony award, including the designation of all or a portion of the payment as a nontaxable, nondeductible payment.
(I) All sources of income available to either party in Boca Raton, including income available to either party through investments of any asset held by that party.
In Boca Raton, tax or financial experts may be required in addition to an alimony lawyer, where the income and net worth of the parties is more complex. In certain situations, alimony or spousal support will warrant a modification if permitted where they must be a showing of a permanent, material, unanticipated, involuntary and sufficient change in circumstances in Boca Raton.