Issues that are raised throughout the course of a divorce proceeding can be complicated and require attention as soon as possible to move forward with the divorce. Two issues that divorcing couples, with or without children, often argue over are alimony and property division.
If you are facing alimony and property division challenges, turn to our experienced attorneys at James & Zimmerman in DeLand, Florida. We have been assisting clients on either side of the central divorce issues for years. Our firm prides itself on offering straightforward advice and information that can help you make an educated decision as to how to proceed with your case. For more information or to schedule an appointment at our office, contact a Central Florida lawyer at our DeLand office.
Alimony (Spousal Support)
Also sometimes referred to as spousal support or spousal maintenance, alimony is the monetary support paid by one spouse to the other in order to maintain the lifestyle to which the spouse had become accustomed during the marriage. Though many cases involve alimony orders, not all individuals are eligible to receive spousal support.
There are many factors that influence the decision to award alimony, including:
- Length of the marriage
- Age of the parties
- Each spouse's earnings
- Each spouse's income-earning potential
- Education level of each spouse
In the state of Florida, marital property is divided according to the law of equitable distribution. This means that a couple's property and assets are not necessarily divided 50-50. The assets and property accumulated during the course of the marriage are divided as fairly and equitably as the court deems.
Primary homes, vacation homes, real property, cars and physical possessions are not the only types of assets that are subject to division. There are many other types of accounts and monetary assets that may be divided, including:
- Retirement accounts, such as a 401(k)
- Health insurance
- Military benefits
- Stocks and bonds
- Social Security disability benefits
It is important for clients to note that marital debt is also subject to division. This helps to minimize the possibility that the burden of carrying the debt will be placed on one party.
Contact an Alimony and Property Division Attorney
To further discuss your specific questions or concerns about alimony and property division, contact a member of our legal team at James & Zimmerman in DeLand today.