Divorce is a time of upheaval, even though it can also be the best solution for you and your soon-to-be-ex. One of the many ways that divorce can affect your life is in a financial manner. There will be costs associated with your divorce and there will be a new financial reality you will have to face as an individual when your spouse is no longer with you. So what considerations does the law make for this scenario?
Spousal support, or alimony, is a way that spouses can financially normalize after a divorce. Spousal support isn’t included in every divorce, but if you qualify based on a number of factors, then you could end up paying or receiving this form of financial support.
There are numerous different types of alimony. Permanent alimony is available if the spouses were involved in a moderate-term or long-term marriage. Durational alimony is available for a set amount of time if you were in a short-term or moderate-term marriage. Rehabilitative alimony can be helpful for those who were unemployed or need re-training to enter the workforce after a divorce. This type of alimony is limited in duration.
According to Florida law, a short-term marriage is any marriage that last less than seven years. A moderate-term marriage is any marriage that lasts at least seven years but less than 17 years. And a long-term marriage is any marriage that lasts longer than 17 years.
If you have any questions about your divorce and how alimony might play a role, get in touch with an attorney.