One of the most complicated aspects of a divorce is finances. Divorcees must come to terms on financial support in the form of alimony, child support or both. It is a common assumption that the two are the same thing, but the fact is they are not. A divorce attorney in Naples can help you understand their differences and the laws in the context of your personal situation.
While a some states’ laws follow the concept of “community property,” Florida is a “equitable distribution” state. This means that financial and physical assets acquired over the course of a marriage are generally considered the property of whichever spouse “earned” each asset.
This is where alimony comes in. Even if a couple has no children, one spouse may owe support in the form of alimony payments to the other. During a marriage, one spouse often brings in more money than the other. Sometimes that responsibility shifts over the years due to a variety of factors. A judge usually decides who owes alimony based on factors like the length of the marriage and each spouse’s age, need and ability to pay, health, income and earning potential. A divorce attorney in Naples can advise you on what to expect.
Child support is focused on the cost of raising a couple’s child or children, and how that cost should be divided between the parents.
Like alimony, a judge’s determination as to how much child support is owed by which parent is based on a variety of factors. Usually the parent with more custody will be granted child support from the other. The judge will usually look at each parent’s income, but may also consider the child’s age and health care costs and day care among other factors.
Don’t Do It Alone
Navigating finances during a divorce can seem impossible alone. A divorce attorney in Naples can help you make the best decisions, so get in touch with the Law Offices of Shawn Seliger. Save yourself and your family the extra stress and contact us today for more information and a free phone consultation at 239-333-0077. You can also fill out the online contact form after hours and we will call you directly.