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Alimony/Spousal Support Archives

How does Florida law balance alimony?

While thinking about spousal support, many people worry about the amount of money that they may have to pay or receive. If a spouse must pay too much, divorce could destroy their financial health. If a spouse must receive too little, they would also suffer as bills pile up. How does the state determine the right amount?

New tax law could make Florida divorces more hostile in 2018

In the last few days of 2017, President Trump signed the tax reform bill into law. Florida residents are still trying to figure out exactly what the changes will do to their finances. If you are getting a divorce, however, you probably have extra concerns about this new policy.

Tax proposal would have major impact on spousal support

Speaker of the House Paul Ryan recently unveiled a much-anticipated tax reform proposal. The bill already has many supporters and detractors, divided mainly along partisan lines. While we have no interest in taking sides in this space, we do want to point out a section of the proposal that has so far received scant attention.

Finding the help you need for midlife divorce

In some ways, life after 50 can be the best time of all. People have defined careers that often result in not only monetary compensation but a sense of fulfillment as well. Many people in midlife are also more comfortable with their bodies and have settled on a style that suits them. Many folks over 50 are also nearing the end of their child-rearing adventures (or have already packed the kids off to college) and can look back with satisfaction on their family lives.

Spousal support issues for primary wage-earners

People can have many roles in a marriage. The roles that a person has in their marriage are among the things that can influence the outcome of a divorce. For example, in some marriages, if one individual serves as the primary wage-earner, he or she may have significant financial worries during a divorce. This includes worries about what will happen to their business or other assets. They may also  worry about how much of their income will actually end up going to the other spouse after their divorce. If these are concerns that you may have, contact the Law Office of Cheryl Bucker, P.A.

How does alimony affect your taxes?

If you have been ordered to pay alimony or the courts have decided that you will receive alimony, you might be wondering how it will affect your taxes. One of the things that separate alimony from child support is that the spouse receiving it will have to pay taxes on it. So, it follows that if one spouse is paying taxes on it, the spouse paying it can use it as a deduction.

How spousal support can help divorcing Florida couples

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?