Significant changes to alimony laws have gone into effect in Florida, effective July 1, 2023.
One of the new laws regarding how retirement affects alimony is as follows:
In determining whether an award of support, maintenance, or alimony should be reduced or terminated because of the obligor’s voluntary retirement, the court shall give consideration to, and make written findings of fact regarding factors, such as:
– the age and health of the obligor
– the nature and type of work performed by the obligor
– the customary age of retirement in the obligor’s profession
– the obligor’s motivation for retirement and likelihood of returning to work
– the needs of the obligee and the ability of the obligee to contribute toward his or her own basic needs
– the economic impact that a termination or reduction of alimony would have on the obligee
– all assets of the obligee and the obligor accumulated or acquired prior to the marriage, during the marriage, or following the entry of the final judgment as well as the obligor and obligee’s respective roles in the wasteful depletion of any marital assets received by him or her at the time of the entry of the final judgment
– the income of the obligee and the obligor earned during the marriage or following the entry of the final judgment
– the social security benefits, retirement plan benefits, or pension benefits payable to the obligor and the obligee following the final judgment of dissolution
– the obligor’s compliance, in whole or in part, with the existing alimony obligation
If you have any questions about the new laws which have taken effect July 1, 2023, we are happy to help you.
If you are looking for an experienced and knowledgeable divorce attorney in Tampa to represent your best interests, you can count on Gary Dolgin to help you.
To schedule a consultation with Gary S. Dolgin, Attorney At Law, call (813) 999-2772 and it will be our pleasure to help you.
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