Lump Sum Alimony Lawyer in Orlando, Florida
Divorce Attorney Helping Clients Seek Lump Sum Alimony
Lump sum alimony is a type of spousal support (or alimony) payment that is provided from one spouse to another in a large sum. It can be described as a type of payment that is essentially the value of the permanent alimony payments lumped into one large payment. This is then given to the spouse in need after the divorce is finalized. In many cases, lump sum alimony is viewed as property division or equitable division as opposed to alimony. Similar to other types of alimony, the Florida family court will take into account many different factors when deciding whether a spouse is eligible for alimony and in what amount. The following are several factors that a court will look at before coming to a decision regarding alimony:
- Duration of the marriage;
- Age of both spouses;
- Physical and emotional condition of both spouses;
- Standard of living established during the marriage;
- Sources of income that is available to each spouse;
- Non-marital and marital assets of both spouses; and
- Contribution to the marriage, such as homemaking, raising a child, and building a career.
Similar to other forms of spousal support, lump sum alimony is a taxable form of income to the receiving spouse and tax deductible for the paying spouse. It will only end when the receiving party passes away or becomes married again. In some cases, however, an alimony agreement can be modified if the receiving spouse enters into a relationship in which the other partner is financially supportive. If you have additional questions about lump sum alimony, do not hesitate to call an Orlando divorce lawyer from Katz & Phillips, P.A.
Orlando Lump Sum Alimony Attorney
At our law firm, we provide a high-quality and dedicated legal service to our clients seeking divorce or separation from their spouse. We can assist with child custody, child support, property division and debt division matters, on top of spousal support. Many people do not realize that they will need the financial support of their spouse even after the marriage is dissolved, and our law firm is ready to help you seek this support. Whether you wish to seek a lump sum alimony payment or a permanent alimony support, our law firm is ready to protect your rights and help you fight for the support you deserve.
A family court in Florida will take into account many different parts of your marriage to determine if you deserve alimony payments, so having a divorce attorney present during the entire process is always strongly suggested. You will have many other matters to deal with in addition to obtaining alimony payments, all of equal importance. Your attorney will be able to ensure that the process runs smoothly and that you and your family experience the least amount of emotional turbulence.
For more information on lump sum alimony payments, contact an Orlando alimony lawyer from our office today.