Awards of alimony come in many forms with different avenues of termination. Therefore, it is critical to discuss with your Orlando divorce attorney your alimony award and the mechanisms or timeline of its termination in order to financially prepare for your future. If you do not prepare for the end of the alimony period, then you could face financial hardships that are difficult to recover from. With the help of an attorney, your alimony plan can be designed to take these pitfalls into consideration and help you to create achievable goals before your alimony period ends.
When Does Alimony End in Florida?
The factors that end all alimony awards is the death of either party or the remarriage of the receiving spouse.
Death is difficult to plan for as it typically is unforeseen. However, one manner that you may financially prepare for such devastation is discussing with your lawyer the option of securing alimony payments with a life insurance policy. Within your divorce settlement, the obligated spouse may be required to secure such payments by taking out an insurance policy and naming you as the beneficiary. This will likely aid and provide you with more time to prepare for such support to terminate after the death of an obligated former spouse.
Remarriage may also terminate an alimony award. If your former spouse has legally remarried, your alimony award will terminate on the date of their marriage. The Florida legislature has taken this a step further to include a supportive relationship. If your former spouse is engaged in a supportive relationship contact your attorney today. Such relationship may result in a termination of alimony award if found by the court to be supportive in nature. However, factors such as cohabitation, length of relationship, marriage like activities will all be considered by the court and will need to be discussed with your attorney.
Need to Modify Your Alimony? Contact the Virga Law Firm, P.A.!
You will need to plan on how to support yourself after your alimony ends. Your lawyer can sit and flesh out the financial obstacles you may face at the termination of your alimony award that you may need to consider in your smart financial planning. If you need to modify your alimony order or need guidance in how to create a plan to become self-sufficient utilizing your alimony, then contact an experienced attorney. Speak to one of our Orlando divorce attorneys if you are facing an alimony issue. We accept calls 24 hours a day, 7 days a week.