How To Plan For The End Of Your Alimony In Florida

Because permanent alimony is no longer allowed in Florida, it is very important to plan for the day when these payments stop coming in. You can argue that Florida’s decision to end permanent alimony is unjustified, but the fact remains clear: You’re not going to have the ability to rely on this source of income forever. The good news is that if you play your cards right, you can prepare for the next stage of your financial journey and put the necessary systems in place to maintain economic security.

Become Financially Literate 

If you didn’t play a role in managing finances during the marriage, you may balk at the prospect of learning how money works. However, it is essential that you take the time to improve your financial literacy before your alimony runs out. Consider researching the basics of retirement planning, the stock market, and economic theories. Learn how to avoid common financial mistakes and make your money go further. There are plenty of online resources that can help you become more knowledgeable in these areas, and you can also speak with a financial advisor who can educate you while providing specific investment advice.

Consider Professional Training 

For some spouses, working a 9-to-5 job is an extremely distant memory. Some have never worked at all, spending their whole adult lives as homemakers and full-time parents. But when your alimony runs out, a safe bet is to return to the work force and establish a reliable source of income. The good news is that you have plenty of time to establish or regain professional skills and certifications. Remember, alimony gives you time and money to pursue effective training. If you take this time to invest in yourself, it can be easier to provide for yourself and your family for the foreseeable future.

Don’t Let Alimony End Too Early 

Even though permanent alimony is no longer allowed, this doesn’t mean that your spouse can simply stop making these payments whenever they feel like it. Some will petition to end alimony due to retirement, loss of income, disability, or other reasons. If you believe that their reasons for stopping alimony payments are illegitimate, you need to work with a family law attorney and push back in court. With these efforts, you can keep your alimony payments rolling in for longer – giving you more resources and time to plan for the future.

Where Can I Find a Qualified Divorce Attorney in Florida? 

If you’ve been searching for a qualified, experienced Orlando divorce attorney, look no further than Steve Marsee, P.A. Over the years, we have helped numerous spouses plan for positive financial results in their post-divorce lives. This planning process begins before your divorce is even finalized, and it can continue long after the marriage has been dissolved. Whether you’re currently fighting for the alimony you deserve or you’re facing the prospect of these payments running out, we can help you pursue the best possible results. Book your consultation today to get started.

Sources: 

forbes.com/sites/emmajohnson/2014/10/29/an-end-to-alimony-is-good-for-women/?sh=2280a51b3eca

wtsp.com/article/news/regional/florida/florida-bill-alimony-payments/67-f3e4db63-758e-4f0b-901e-9bd46ebec27a