Alimony or spousal support is determined on a case-by-case basis. There may be different option available to you. In any case, you will want to consider the tax consequences of whatever type of alimony you choose. Typically, alimony is tax-deductible for the payor, and taxable income for the recipient. Because lump-sum alimony is often more complicated it may be worth the cost to hire an attorney experienced in this area.
Periodic alimony includes alimony payments made at specified times for a specified amount of time.
Lump sum alimony is a one-time payment of alimony, made payable in a lump sum. Sometimes the law looks at lump sum alimony as property division, which might affect its tax status. If you are going to make or receive a lump sum payment of alimony, it's very important to seek advice from an accountant and/or an attorney, who can go over the rules with you and help you protect your rights.
Permanent maintenance is the payment of alimony for the duration of the payee's life, made in periodic payments such as every month or every week.
Rehabilitative alimony is for the purpose of rehabilitating the other party (i.e. while the spouse is going back to school or trying to find employment) for a specified period of time.
There are specific Florida child support guidelines, designed to be in the best interests of the child, that the courts use to determine the amount of child support. These guidelines are followed unless there is an agreement by the parents as to an amount of child support considered fair and reasonable by the court. The Florida guidelines must take into consideration both parents’ earnings, income, and the health care needs of the children.
To answer your questions regarding Alimony in Florida or Florida’s child support guidelines contact Garrett J. Strahl Florida Family Law Attorney at 904-342-1050.