How Tax Laws Can Impact a High Asset Divorce
Russell S. Hershkowitz, LLC Blog » Alimony
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11M ago
Tax laws can make dividing assets difficult in a high asset divorce, further complicating the already complex task. Understanding this impact in advance can save you time and money. Here is a broad look at how current tax laws can your decisions when dividing marital property during a high net worth divorce. Overview of Florida’s Taxes Related to Divorce The Sunshine State does not impose a ..read more
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The 4 Different Kinds of Spousal Support in Florida
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
When it comes to legal matters, people often speak in broad terms. They will discuss rulings, orders, and so on, bypassing the “nitty-gritty” of the matter. Because of this habit, we are often left underinformed about how things really work. Spousal support is one such legal matter. Generally, we hear about someone who must pay for it and how much it costs, but we don’t know many details beyond ..read more
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Different Enforcement Methods for Family Law Orders
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
After the court issues its final judgment or decree in a divorce or other family law matter, the parties receive a document detailing the terms of the court’s directives and orders. So, how does a piece of paper make someone pay child support or give their spouse title to a house or car? What’s to stop someone from simply refusing to follow the terms of a divorce or family law order? There are a ..read more
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When Does Alimony End in Florida?
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
When a Florida couple divorces , the family court may grant that either spouse pay alimony to their husband or wife. There are four categories of alimony in Florida: 1) bridge-the-gap, 2) rehabilitative, 3) durational, and 4) permanent, or any combination of the above. The court can order a spouse to make periodic payments, a lump sum payment, or both. Much of the decision has to do with a ..read more
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Florida Alimony Reform: Is Permanent Alimony Fair?
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
In Florida, alimony reform has been a hot-button issue for years. Many former spouses who were court-ordered to pay alimony argue that permanent alimony is an unfair payment system, while the people who receive the payments argue for its necessity. What Is Permanent Alimony? Permanent alimony is the continuous financial support one party pays to another after a divorce. Unlike other forms of ..read more
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What You Should Know About Post-Divorce Modifications
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
Life can change substantially after a divorce and the terms that were once acceptable and practical for your situation may not continue to be suitable for you or serve the best interests of your children. Family courts understand that modifications are sometimes necessary, which is why you can file a petition to modify child support, spousal support, or child custody. However, unless fraud somehow ..read more
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Florida’s Attempt to Reform an Alimony Bill
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
A bill to change Florida’s alimony system headed to the House this April. The bill would end permanent alimony payments unless both parties agreed to it. It would also create the presumption that it would be in the best interests of a child for their parents to split timesharing equally. The House debated on the bill for over an hour and then decided not to move it forward. The Components of ..read more
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Different Kinds of Spousal Support in Florida
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
Spousal support is not a one-size-fits-all solution for every couple. Depending on each couple’s circumstances, payments can be low or high. If you live in Florida, there are four major types of spousal support. Here is a broad overview of each, along with how it works and why it is ordered. Durational Spousal Support in Florida As its name implies, durational support lasts for a specified amount ..read more
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The Challenges of Alimony for Men
Russell S. Hershkowitz, LLC Blog » Alimony
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1y ago
In theory, gender shouldn’t affect any divorce ruling. The laws should apply to everyone, regardless of whether they are men, women, in a same-sex marriage, or any other combination our modern world produces. In practice, however, men still find it more difficult to receive spousal support. For some, the problem is internal. They don’t want to feel weak or needy. For others, the problem is ..read more
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