Also known as spousal support, alimony has gone through significant changes in Florida law and West Palm Beach and continues to be an area of discussion in the legislature for further potential changes. In short, alimony in West Palm Beach is awarded based on one spouse’s financial need for alimony and the other’s financial ability to pay spousal support. In West Palm Beach there is no formula to determine how much or how long alimony should be awarded, but the Florida statute regulating alimony now provides more direction as to the awards of spousal support, with the help of your alimony lawyer.
Alimony comes in West Palm Beach can take a variety of forms, including temporary, permanent, bridge-the-gap, durational, rehabilitative and nominal. A couple of factors are considered to determine if and when an award of alimony will be received. Florida law in West Palm Beach provides for a variety of factors that the court must consider in making an award of spousal support:
(A) The standard of living established during the marriage.
(B) The duration of the marriage in West Palm Beach.
(C) The age and physical as well as the emotional condition 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 earning capacities, educational levels, vocational skills, and employability of the parties in West Palm Beach 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 West Palm Beach, including services rendered in homemaking, child care, education, and career building of the other party.
(G) The responsibilities the parties in West Palm Beach will have with any minor children they have in common.
(H) The tax treatment and consequences to both parties in West Palm Beach 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 West Palm Beach, including income available to either party through investments of any asset held by that party.
For some West Palm Beach cases, tax and finance experts may be required in addition to an alimony lawyer, to assist in situations where the income and net worth of the parties is more complex.
Certain contexts in West Palm Beach will warrant a modification or adjustment of alimony, such as in cases of a permanent, material, unanticipated, involuntary and or sufficient change in circumstances.