What is the new alimony law in Florida?

What is the new alimony law in Florida?

The bill states, “durational alimony may not exceed 50 percent of the length of a marriage lasting between three and ten years, 60 percent of the length of a marriage lasting between 10 and 20 years, or 75 percent of the length of a marriage lasting 20 years or longer.” That can be extended in some circumstances.

Does Florida still have permanent alimony?

Instead, alimony payments would be dependent on the length of a marriage. TALLAHASSEE, Fla. — Lawmakers in Florida’s House of Representatives approved a bill on Thursday that will revamp the state’s alimony laws.

How long does alimony last in Florida?

When courts award durational alimony, alimony payments can’t last longer than the length of the marriage. Florida law defines a short-term marriage as one lasting less than seven years. A moderate-term marriage lasts at least seven years but fewer than 17 years.

How can I get rid of alimony in Florida?

How to Avoid Alimony in Florida

1. Work Out An Agreement With Your Spouse.
2. Help Your Spouse Succeed In The Workforce.
3. Live Frugally.
4. Impute A Reasonable Rate Of Return On Your Investments.
5. End Your Failing Marriage ASAP.
6. Show Your Spouse’s’ Earning Potential for an Alimony Case.
7. Prove Your Spouses Real Need for Alimony.

What happens to alimony when you retire in Florida?

The law currently requires obligors to pay alimony passed retirement age, even if their income is drastically reduced, but the new law would allow that obligation to expire, even if retirement comes before the obligation is fulfilled.

What is bridge the gap alimony in Florida?

Bridge-the-Gap alimony is a temporary form of alimony designed to help a lesser-earning or stay-at-home spouse transition from being married to being single. In some cases, the support may simply be awarded to help a spouse pay for their living expenses while they search for a job.

Can alimony be reduced in Florida?

As long as alimony was awarded in the original divorce decree, Section 61.14 of the Florida Statutes provides that most types of alimony may be modified or terminated when there has been an unexpected, involuntary, and substantial change in circumstances that affects the former spouse’s ability to pay, or the other …

How do I get permanent alimony?

Permanent alimony is a provision that comes into effect upon the dissolution of the marriage or judicial separation. Here the amount fixed by the court is required to be paid either as a lump sum amount or as a fixed periodic payment.

In which case alimony is not granted?

Alimony is generally not granted to the seeking spouse if he or she is already receiving support during the time of divorce. Although the rewarding of alimony can be revised in such events based on the arguments for claiming the support.

How long do you have to pay alimony in Florida?

For instance, if married for two years, a spouse cannot receive durational alimony for more than two years. Permanent alimony is usually only granted in moderate or long-term marriages. Permanent alimony usually continues until either death or remarriage. Under Florida Statute 61.09, a spouse may be required to pay alimony without getting divorced.

Can a pension be garnished for alimony in Florida?

Other forms of income may be garnished as well. For example, in City of Miami v. Spurrier, the court ruled that pensions could also be garnished for alimony payments. Further, spendthrift trusts specifically designed to protect the trustee’s assets from creditors can be garnished to pay alimony. See Florida alimony garnishment case, Gilbert v.

Can you modify alimony in Florida?

Can Florida Alimony Be Modified? Under Florida divorce law, you can modify alimony in Florida if there has been a substantial, material, and unexpected change in circumstances that was not contemplated for at the time the amount of alimony was initially set. The modification can either increase, decrease, or terminate the amount of alimony.

Does alimony affect net income in a Florida divorce?

Regardless, alimony may not leave the person paying alimony with significantly less net income than the net income of the recipient. Florida alimony can be a very contentious and litigious aspect of a divorce, as the outcome may have a long-lasting impact on each party’s finances.