I Just Found Out My Alimony Is Ending Soon: What Should I Do?
After recent changes to divorce laws in Florida, alimony payments for many spouses will soon end. For some, this news comes as a complete surprise – and it may be difficult to adapt to this sudden loss in income. If you are facing this situation, you might be wondering how to proceed in the most efficient manner.
Attempt to Ensure Continued Support
Perhaps the most obvious course of action is to continue receiving your alimony payments. While new divorce laws make it easier to end alimony than ever before in Florida, the cessation of payments is not guaranteed. Your ex will still need to go through the process of proving that a material change in circumstance has occurred. This may involve proving that they have reached “normal retirement age” – which has now become one of the most common reasons to cease alimony payments.
With help from a qualified alimony lawyer in Florida, you may have the opportunity to call into question whether a material change in circumstance has occurred. For example, you could show that your spouse has not reached their normal retirement age, and in fact other people in similar careers should be expected to continue working for many more years. Speak with your alimony lawyer in Orlando for more advice on how to stop your ex from ceasing support payments.
Consider Re-Certification
If there is no way to stop your alimony payments from coming to an end, you might consider re-certification. When these support payments stop, you may need to rely on some other form of income in order to pay your living costs. The good news is that with the right approach, you can pursue “rehabilitative alimony” which provides you with the resources and time you need to train for a new career. This might include a basic certification such as a bookkeeping license – or the resumption of a previous vocation.
Re-Examine Your Finances
If you cannot work, you might consider taking a closer look at your financial situation before your alimony stops. For example, you might need to sell your home and “downgrade” to a smaller residence in order to access some of the cash in your real estate. You might also consider investing money into income-generating assets, such as dividend-paying stocks or Certificates of Deposit (CDs). Ultimately, you may need to discuss these strategies in more detail alongside financial professionals.
Find a Qualified, Experienced Alimony Attorney in Orlando
If you have been searching for a qualified divorce lawyer who can help you deal with alimony in Orlando, look no further than Steve Marsee, P.A. Over the years, we have helped numerous individuals approach Alimony-related issues with confidence and efficiency. If you have learned that your alimony will soon end, there may be certain steps you can take to ensure continued support. In any case, discussing your next moves with an Orlando alimony lawyer may be a wise choice. Book your consultation today to begin the discussion.
Sources:
flsenate.gov/Committees/BillSummaries/2023/html/2984
investopedia.com/terms/c/certificateofdeposit.asp
