Understanding alimony: Types of alimony awards

Whether you believe you may be entitled to alimony payments, or seek to dismiss your former partner’s claim to financial assistance, it is essential that you familiarize yourself with the forms this payment can take, as well as the legal requirements you must meet to support or dispute it.

In Florida, if the court may grant the following forms of alimony:

Bridge-the-gap

Bridge-the-gap alimony may be awarded to provide short-term financial support for a party as they transition from marriage to single life. These alimony payments are restricted to two years or less. Once they are awarded, cannot be modified in terms of amount or duration.

Rehabilitative

Rehabilitative alimony awards may be granted if a party proves that they need further education or training to reenter the workforce. The potential recipient must submit a detailed rehabilitative plan that specifies the education and training they will obtain through the duration of their award.

Permanent

Permanent alimony refers to financial support that continues indefinitely to address the long-term financial needs of the receiving party and maintain the standard of living they enjoyed during their marriage.

Durational

In contrast to permanent alimony, durational payments may be awarded on a temporary basis. Determining the amount and time-frame of durational alimony may depend on the length of the marriage and the recipient’s financial need for support.

Lump Sum

Lump sum refers to the method by which alimony is awarded. The court may determine that the full amount of alimony is paid in one installment, and cannot be modified in court.

Periodic

Periodic alimony is awarded in installments, often on a monthly basis, either on a permanent basis or for a specified amount of time, depending on your settlement.

For an experienced attorney who will work tirelessly to to promote your interests, call Scott A. Ferris, Esq. at 305 670-3330.

This is the first installment of an ongoing series on alimony law.