Divorce can be a traumatic and painful experience. While some divorces can begin and end within just a few months, others will drag on for years – or more. You may wonder why, and the answer is simple – custody battles, assets, money, and more.
If you are preparing to file for divorce or just thinking about the possibility of ending your marriage, you should consider what you want from a settlement. For most divorces, the biggest issue to settle is alimony. Even if you have an amicable divorce, monthly or even annual payments to your ex-spouse are not something most people want to deal with once the divorce is final.
In Florida, the goal is an equitable distribution of assets and property. It is worth noting, though, equitable does not mean equal. Instead of splitting things "down the middle," judges will look for a fair solution for both parties. If you can build a case that shows a fair solution for you and your ex, you do not have to overpay for alimony or get a fair amount.
Use the tips and information here to negotiate a fair alimony settlement.
Gather Information About Your Finances
One of the best ways to negotiate a fair settlement is by providing a comprehensive look at your income, assets, and expenses. This is true for you and your ex-spouse. You can't rely on your ex to provide the information about their assets, especially the separate ones they have.
Be sure to gather evidence of everything you and your ex own and that you shared during your marriage. Separate assets and any assets acquired before the marriage will likely stay with the original owner; however, the assets' value may impact the way shared assets are distributed.
You may also want to obtain documentation from your ex's employer about policies on paid vacation days, overtime, and bonuses. If any of these things increase what your ex earns at their job, you may receive more alimony or have to pay less.
Figure Out Your Budget
A person who is going back to school may require more financial assistance than someone living alone and supporting themselves. If you have a higher budget and can justify the costs, you will likely receive increased alimony payments.
You can work with a financial advisor or lawyer to help figure out the budget you need for the following year. This includes any one-time costs and costs that can help lighten the load in the following year.
For most people, divorce is a transitional period. It requires time in court, paperwork, and legal fees. All these factors are going to impact the alimony you may receive.
Hire a Lawyer for Help
One of the best things you can do when facing a divorce and figure out alimony payments is hire a Florida divorce lawyer. They can evaluate your situation and develop a plan that will ensure you can cover your expenses now and in the future.