Alimony and Divorce: Everything You Really Need to Know

Alimony Cases in MiamiFinances are a major reason why many couples decide to get a divorce in Miami, and they’re also one of the most fought-over aspects of a divorce. It’s rare that a spouse likes to pay alimony to his or her spouse, and so, it’s an aspect of a lot of divorces that is contested heavily. If alimony is something that you are going to request in your divorce, or fight against, you need to make sure you are prepared to make your case.

What Types of Alimony Are There in Miami?

Before diving into how to prepare for an alimony case in Miami, it’s important to understand the different types of alimony that are available in Miami. State law provides for four types of alimony: read more

The Role of Attorneys When Negotiating a Fair Alimony Settlement with Your Spouse

For most people, divorce is a traumatic and often painful experience. While there are some divorces that can begin and end in the span of just a few months, there are others that can drag on for years. Why?

There are several reasons. Some of the most common include:

  • Custody disagreements
  • Assets
  • Money

If you want to file for a divorce, or just thinking about the possibility of putting an end to your marriage, now is the time to begin thinking about what you want out of the settlement. It may also be a good idea to speak with a Florida divorce attorney. read more

How the New Tax Law Impact You If You Pay Alimony

If you are considering divorce, you should know the new tax laws may have an impact on your finances, directly related to divorce and alimony.  The new tax laws specifically address alimony, in a manner unfavorable to those who pay alimony.  Currently, the IRS deducts the amount of money someone pays for alimony from the amount of taxable income.  In other words, if someone makes $100,000 per year, and pays $20,000 in alimony, their taxable income is reduced to $80,000.  The possible benefits to alimony payors are twofold: first, by reducing the amount of taxable income, this can reduce the applicable tax bracket; second, because the alimony payments are not taxable income, the payor saves money in taxes not paid. read more