The law currently requires obligors to pay alimony passed retirement age, even if their income is drastically reduced, but the new law would allow that obligation to expire, even if retirement comes before the obligation is fulfilled.
What happens to alimony when you retire in Florida?
The short answer is yes. Voluntary retirement can be the basis for alimony reduction or termination. The Florida Supreme Court in Pimm v. Pimm has held that voluntary retirement is a factor that can be considered to either reduce or terminate alimony.
How does retirement affect alimony?
Spousal Support Modifications & Termination
According to California law, a former spouse who is paying spousal support and eligible for retirement does not have to continue working to meet his/her spousal support payments.
How do you stop permanent alimony in Florida?
Modification or Termination of Alimony
Florida permanent alimony can be modified or terminated if there is an unanticipated, substantial, material, and involuntary change in the circumstances of either party, that was not contemplated for at the time the alimony was awarded.
What is permanent alimony in Florida?
Permanent alimony is financial support paid from one spouse to another after a divorce. Typically, this type of alimony is paid until the death of either spouse or the recipient’s remarriage. In Florida, alimony can be paid in the form of periodic (monthly) payments or a lump-sum payment upon a divorce.
What is permanent alimony?
Permanent alimony is a provision that comes into effect upon the dissolution of the marriage or judicial separation. Here the amount fixed by the court is required to be paid either as a lump sum amount or as a fixed periodic payment. … Under the Hindu Marriage Act 1955, both husband and wife can ask for it.
Can I go after my ex husband’s new wife for alimony in Florida?
Can I go after my ex-husband’s new wife for alimony in Florida? Did you divorce his new wife? If not, then no, you can’t go after a third party for your alimony. Only the person who is named in the divorce decree as owing you money can be “gone after”.
Can ex wife claim my pension years after divorce?
Can my ex-wife (or ex-husband) claim my pension years after divorce? … A court could, in a divorce decree, order that, when you retire, you must pay your spouse a share of your pension benefits. The court’s order would be binding, even several years later.
Does maintenance end at retirement?
Unless the divorce decree specifically identifies what happens at retirement, permanent spousal maintenance does not automatically end at the payor’s retirement. … The closer the payor is to age 65, the court is more likely to determine the decision to retire was made in good faith.
Does alimony ever stop?
Alimony can be terminated in three instances: death, remarriage of the defendant spouse, or cohabitation. If a spouse dies, that is a clear and cut case. Alimony simply stops. If the person who is receiving alimony gets remarried, the payments are terminated.
How long does permanent alimony last in Florida?
“In Florida, a spouse in a long-term marriage, more than seventeen years, can be ordered to pay permanent lifetime alimony. This lasts until one of the parties dies or until the recipient remarries.
How long do you have to be married to get half of everything in Florida?
You can only get it for up to the amount of time that you’ve actually been married. If you’ve been married for 7 years, you may be entitled to up to 7 years’ worth of durational alimony.
Does alimony end if you remarry?
Yes. The obligation to pay future alimony is terminated automatically when the supported spouse remarries. The paying spouse doesn’t need to file a motion to terminate support.
What are the different types of alimony in Florida?
According to the Florida State Legislature, there are four different forms of alimony, which include bridge-the-gap, rehabilitative, durational and permanent, that may be awarded during divorce proceedings in Florida.
How long does alimony last?
10-20 years – On average, you can expect to pay alimony for about 60 to 70 percent of the length of your marriage. So, if you were married for 20 years, your alimony will likely last between 12 and 14 years. However, this can change considerably based on individual circumstances and the judge overseeing your case.