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Facing the financial uncertainties of divorce
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Facing the financial uncertainties of divorce

| Jul 13, 2020 | Firm News

There is a lot to think about when a Florida resident wishes to go through a divorce from their spouse. For some, considering how they will make financial ends meet once they are no longer married is a difficult and intimidating prospect. However, it is important that individuals understand their financial options for staying afloat when their marriages are over.

If the party to a divorce does not work and does not have the training or education to enter the workforce once on their own, they may be able to seek alimony. Alimony, also called spousal support, is money that one party to a divorce pays to the other. There are many factors that can influence how much alimony a person receives and for how long they are entitled to receive it; individuals who want to learn more about alimony can discuss it with their divorce and family law attorneys.

Spousal support is intended to help a divorced party maintain their own needs once their marriage is over. Child support, however, is money that should be used in support of the raising of children. Both parents are expected to contribute to a child’s support after a divorce, and a parent who has custody of their kids may receive money from the other for their children’s needs and activities.

There are many ways that families can address financial uncertainties when divorce proceedings begin. It is important that divorcing parties have strong representation from family law and divorce lawyers who understand Florida’s laws and court practices. A knowledgeable attorney can support their client and help them address their legal fears while providing sound and case-specific guidance. This post should not be read as legal advice.