Proposed revisions to the Florida alimony Statute are currently before the Florida Senate. The Florida Alimony Reform Bill provides that in deciding whether or not to award alimony, trial courts are to make two initial determinations. First, the court is to determine the amount of each party’s gross income. Second, the court is to determine the duration of the marriage. The duration of the marriage is the period of time that occurs between the date that the marriage takes place and the date that the divorce is filed.
The parties’ gross incomes are calculated based on recurring income from: (i) salaries, (ii) tips, (iii) commissions, (iv) income from self-employment, (v) bonuses, (vi) dividends, (vii) severance pay, (ix) royalties, (x) rental income, (xi) interest, (xii) regularly received trust income and distributions or trust income and distributions which are readily available to the beneficiary, (xiii) annuity payments, (xiv) capital gains, (xv) money taken by self-employed individuals for personal use that is deducted as a business expense, (xvi) social security benefits, (xvii) unemployment benefits, (xviii) disability payments, (xix) health, accident, disability, or casualty insurance benefits that replace wages, (xx) continuing monetary gifts, (xxi) income from businesses, (xxii) reimbursements for expenses or in-kind payments that reduce personal living expenses, (xxiii) overtime pay, (xxiv) income from royalties, trusts, or estates, (xxv) pension and retirement payments, (xvi) alimony from a previous marriage, and (xxvii) recurring gains from property dealings.
To speak with an alimony attorney, contact Matthew Jay Lane & Associates, P.A. at (561) 651-7273.